We have found that the haulage industry is one of many areas where businesses are investing strongly in research and development, but where company directors and their financial advisors are often unaware that they qualify for R&D tax relief.
At first, Truck Hydraulics were sceptical about their R&D project satisfying the HMRC eligibility criteria. Our team took on the challenge of partnering with the Truck Hydraulics team to identify the real scope of eligible expenditure and to convince the company that their R&D did indeed qualify.
A series of detailed planning meetings was backed up by a site visit to Truck Hydraulics. Our R&D Consultants discovered more important details on the eligible R&D activities and explained exactly how we would manage the process of of submitting their R&D project related costs via our Claim Portal. Keeping it simple and easy for them at every step.
The accounting data was processed in our Claims Portal and supported by a Technical Report written by one of our in-house Easy R&D Tax Credit specialists. Their claim went through first time with no queries by HMRC and the tax relief payment was a significant and tangible benefit to the company.
If you’re a small to medium company in the UK, you could also be claiming back up to £33 on every £100 spent on R&D. The work you do that qualifies for the R&D tax credits scheme — often embedded in the day-to-day running of your business — may surprise you.Get in touch
Find out what our clients and partners have to say about the R&D tax relief experience and how we’ve helped them.