What is the R&D tax credit scheme?
R&D tax credits are a UK HMRC scheme designed to support businesses that have spent money on innovative projects. You may be able to claim Corporation Tax relief if your project meets the HMRC definition of R&D.
Many businesses don’t realise they qualify for R&D tax credits or that they are not claiming their full entitlement.
Who can qualify for R&D tax credits?
Any UK company that is limited and is subject to Corporation Tax payments, R&D can take place in any sector. It occurs in everything from care homes, construction and hospitality, to engineering, farming and digital development.
The scope for identifying R&D across all sectors is huge. And if you’re making a claim for the first time, you can typically claim R&D tax relief for your last two completed accounting periods.
But my business doesn't do Research and Development
A large amount of businesses that qualify for R&D tax credits, fail to claim. A common reason for this is that businesses do not consider themselves to do any research and development, however, if your company is developing products, systems, and processes, the likelihood is that you do qualify. Talk to us to find out.
Some of the businesses we have helped make successful claims
Let's look at a few projects where ZLX has submitted successful claims
With the problems associated with Grenfell Tower, many companies undertook investigation and subsequent design of fire safe equipment and materials.
The R&D activity in which this company undertook involves the design and development and testing of fireproof refuse containers and refuse chutes for high level tower blocks.
In recent years it has been discovered that many fires in tower blocks have been caused by residents unwittingly pouring chip fat down the chutes and causing fires within the chutes which due to the old design then spread throughout the block.
The task was to find a fireproof solution which would contain the fire and not allow smoke or flames to spread.
This involved finding a material that could be installed within the existing chutes over 24 floors of a tower block and which would expand with heat/fire and close of any gaps within the chute and at the same time smother the fire.
The waste generated from building sites is becoming a major issue for land fill sites. Therefore innovative piling companies are looking at ways of combining two technologies to assist them in the supply of exactly the right length of pile. Technology which can determine the position and depth of rocks and different grades of sub soil can then be used to determine a concrete or steel pile length before the site works begin. Through a lattice network of piles, the site can be marked out and the correct length of piles are then forced into the ground with no waste product.
A local company has embarked on the development of unique Bangladesh goods which include the use of special spices, herbs, fish, meats and breads. Bangladesh has a range of plants “Rotala simpliciuscula (JSTOR)” whereby the company and their associated experts have extracted a unique herb and spice from the root. This spice has enabled the business to make a complete new range of products which are unique and innovative
To comply with the customers requirements and to enable a 12 site project, the company embarked on developing and implementing an innovative communications platform that would deliver a unified solution across their estate.
The company first had to upgrade their old connectivity from legacy PSTN services to SIP technology (VOIP) utilising the Call Manager platform to present clients with front of house announcements routing to various departments within the hotels. Ultimately any missed calls would then bounce to the Head Office Call Centre where the calls would be booked in or transferred back to the hotels.
To enable this functionality the company had to design, test , integrate & implement 3 different technology platforms to deliver this solution, from the Cloud SIP, In-house PBX and ultimately reporting via 3rd party call management software. This solution has increased the call centre turnover at head office 3 fold.
No upfront fees
We are so confident of our success, we will only charge you if we are successful. No financial risk for you. No hidden charges or surprises.
Above average success rate
Our experienced team specialise in R&D Tax Credits. That enables us to maintain an above average success rate.
We do 90% of the work
We make the process as painless and hassle free as possible and need just a few hours of your time.
ZLX will deliver your R&D tax credit claim in a diligent and HMRC compliant manner
ZLX is a specialist R&D Tax Credit consultancy. Our team of experienced consultants backed by our own in-house accountants and engineers take the time to understand the intricacies of your business. Our experience and background means we are able to deliver claims above the industry average.
R&D tax credit processing times
ZLX work closely with you in order to efficiently gather the information that we need in order to analyse and write up your claim. This usually entails a few phone calls with key members of your team. HMRC aims to process R&D tax credit claims within 28 days. So, if you make an R&D tax credit claim, you can expect to be reviewed and paid out relatively quickly.
How to apply for R&D tax credits
90% of businesses that qualify for R&D tax credits fail to make a claim. Of those that do claim, many will either try and do it themselves or use their accountant. When conducting reviews on behalf of businesses that take these two routes, we typically find that businesses are significantly underclaiming due to a lack of knowledge of the scheme.
The team at ZLX have over 15 years experience in making successful claims across a variety of businesses. Our intricate knowledge and understanding of the system enables us to successfully deliver claims that are higher than the national average.
In order to claim R&D tax credits you must:
What our clients are saying
ZLX have been amazing throughout the process from start to finish. From our initial calls through to detailed and comprehensive explanations of the submission criteria, we knew we were in good hands. The ZLX staff have been patient and understanding of our individual business dynamics and secured us a sizable claim. This has allowed us to explore new avenues for our business moving forward and we will absolutely be using ZLX’s services again in the future.
Ashley Michael Boycott, Director
I cannot recommend working with Ray, Amy, and ZLX highly enough.
The pandemic was almost career-ending for our agency (and many others) but your guidance and work meant we have managed to navigate our way out of a very tricky position. We’re looking forward to working with you again. Thank you so much for everything.
Creative event design, digital and brand experience agency, specialising in fashion, beauty, lifestyle, and entertainment industries.
We would highly recommend ZLX to anyone interested in applying for R&D tax credits. Their service was friendly, professional, and efficient and they really helped take the headache out of the entire process.
ZLX completed our R&D Tax Relief claim, the tax saving and cash rebate that have been realised have made a massive difference to our company.
We would have no hesitation in recommending future clients to ZLX. If you are considering making an R&D Tax Relief Claim then please look no further.
Working with Tim from ZLX was a positive experience for us. He advised, managed and completed our R&D tax claim with the minimum of fuss. This meant we could get on with the important business of managing our organisation, safe in the knowledge that our best interests were being looked after. As a result, we can highly recommend ZLX should other businesses be looking for a partner that brings expertise, efficiency and professionalism in their approach to R&D tax claims
They helped us in end to end planning and finalization of an R&D claim that resulted in maximizing our claim up-to twice as much as we had last year!
Currency Exchange Company
Stephen & Ray, if I’m honest I never thought I’d be writing this email to you both BUT I’m ABSOLUTELY THRILLED that I am! My Finance Manager has just informed me that ZLX have made payment today of our R&D Tax Claim for the year 2018. Of all the years to have met you both and for ZLX to have delivered, as they said they would, on behalf of my Team, I would like to thank you both very much. I look forward to talking about how we approach the 2019 claim.
Event Production Company
ZLX promised to work alongside our accountant throughout the process, which they did. The outcome of the whole process was that we received an unexpected amount of money back from the HMRC that I was VERY GRATEFUL FOR. I would recommend any business owner to investigate the opportunity of a tax relief rebate and I would highly recommend that they put it in the hands of ZLX. ZLX were professional and ethical from the start of the process until the end.
Eco-friendly Energy Solutions
This is INCREDIBLE, AMAZING. I actually had to speak to Ray to double check the figures earlier as I was reading whilst on various Zoom calls and couldn’t quite believe the numbers!! Ongoing, I’ll be much more prepared in terms of understanding how to pull the right information together for you.
Production & PR company