Making a claim

We have developed an award-winning approach to research and development (R&D) tax credit claims. It is robust enough to stand close scrutiny from HMRC, and adaptable enough to be tailored to our clients, whatever their size, sector or structure. The specific R&D tax service delivered is adapted to the needs of each client and partner. We will visit you at your place of business no matter where you are based in the UK.

Making R&D Tax claim with ForrestBrown

Who are you?

1. Getting to know you

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We save you time by quickly determining whether you qualify, and maximise your claim by looking beyond the obvious R&D projects.

  • We have a conversation to confirm if you are a UK limited company, are undertaking qualifying R&D activities and have spent money on innovation.
  • We review your accounts to understand your tax position, and where to look for your qualifying expenditure.
  • One of our chartered tax advisers will visit you, to understand your business, meet with those carrying out R&D and your finance team. This allows us to identify the full extent of your qualifying activities and expenditure.

Engineering

Our accountant thought it was for people in white coats, not us. Fortunately, we sought a second opinion from ForrestBrown who were able to identify significant qualifying activity.
NEWSUBSTANCE Patrick O’Mahony, Creative Director, NEWSUBSTANCE

2. Your input

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We maximise your claim by talking to the right people in your business to uncover all R&D activity.

  • Grant us access to the relevant people in your business. We work efficiently to reduce the time you need to invest.
  • Brief us on the R&D projects you have undertaken and collate and share your cost records.
  • Review our draft R&D activity report and calculation of your total benefit.

Transportation

Having ForrestBrown on board as experts opened our eyes to the potential to make a claim against a far broader range of activities and expenditure than we initially thought, and I'd advise other companies to look very closely at the range of activities that could qualify as they might be surprised.
P&M Aviation Andrew Cranfield, Chairman, P&M Aviation

3. Our output

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You get peace of mind that your claim is submitted to HMRC in the best possible shape.

  • We create a robust methodology bespoke to you to calculate your R&D tax credit benefit.
  • A detailed report that describes your R&D activity to HMRC.
  • An amendment to your corporation tax return (CT600) incorporating your R&D tax credit calculation (in the full enhanced expenditure section).

4. We deal with HMRC on your behalf

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We take care of everything to ensure minimal hold-ups and queries.

  • Our experts will submit your report and amended corporation tax return according to HMRC guidelines.
  • We will follow up on the claim and answer any informal questions HMRC have.
  • If HMRC opens an enquiry relating to your R&D tax credit claim, we will resolve this for you at no extra cost.

5. Receiving your tax credit

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You are rewarded for your investment in innovation.

  • HMRC typically takes four to six weeks to process a claim and the credit is paid directly into your bank account.
  • If your business is profitable your overall corporation tax bill will be reduced, or if you have already paid your bill for the period, you will receive a repayment.
  • If your business made a loss for the period, you will receive a cash credit in exchange for surrendering the enhanced losses to HMRC.

Manufacturing

Knowing that R&D tax credits are there focuses the mind on innovation. In my role, I always question where the innovation is so I can allocate extra staff to true R&D projects. I’d suggest that companies who qualify look beyond the obvious cash benefit. The real power of this tax incentive comes when you use your imagination as to how you can spend the money to drive your growth.
Dartington Crystal Alan Ramsay, Finance Director

1. Getting to know you

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We work for large, complex businesses using the RDEC R&D tax incentive and understand our expertise must be focused precisely where you need it.

  • A preliminary conversation to understand your business, your specific challenge and arrange next steps.
  • We will work closely with your finance team to understand how your business and finances have been structured.
  • A director and a senior adviser will visit you to facilitate a workshop to identify your challenge.
  • We will provide you with a proposal of work for either our full end-to-end RDEC claim process or for the specific expertise that you require.

Creative, digital & media

ForrestBrown have been responsive and proactive in all of our dealings. Continuity of team has allowed them to really understand our business. Their considerable technical firepower through in-house specialists is a great resource for a business like Future. We value our relationship with ForrestBrown and look forward to working with them on future R&D claims.
Future plc Oli Foster, Group Financial Controller, Future plc

2. Your input

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We free up your internal resources by working efficiently, keeping your input to a minimum.

  • Identify a lead for us to work with, as well as any other relevant stakeholders.
  • Co-ordinate with one of our technical specialists to set up data sharing arrangements.
  • Feedback on our output and, depending on your need, work with us on documents for HMRC.

3. Our output

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You can have confidence that your RDEC claim is optimised and your relationship with HMRC is protected.

  • We will provide you with a targeted solution, unique to your circumstances. For example, improving your internal processes, reviewing previous or current claims or managing an HMRC enquiry.
  • If desired, we can manage the end-to-end RDEC claim process for you.
  • Our output will normally include a report that provides technical advice and practical recommendations.

Technology

We recognised the value in ForrestBrown educating our management on the tax definition of R&D, and best practice record-keeping to support our claims. As well as broadening the scope of our claims, it helps us manage the risk of an HMRC enquiry with better quality submissions. The results speak for themselves, and we expect to benefit for years to come.
Hardware Group Stewart Holness, Executive Chairman, Hardware Group

1. Getting to know you

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We build long-term relationships based on trust and expertise by providing a specialist service to help your network thrive.

  • We will meet you to understand your organisational needs and how we might meet them.
  • We will help you to identify who is innovating within your network and may qualify for R&D tax credits.
  • We will establish a programme together tailored to support you and your network. For instance: providing training, running the R&D claims process or featuring at events.

Accountants, advisers & partners

Clients tell us that ForrestBrown are easy to talk to, have a great understanding of their businesses and have been extremely efficient. They are delighted with the financial benefit they receive. I would recommend other accountancy practices to get in touch with ForrestBrown as it’s a great way to deliver a high quality R&D tax credit service.
HSJ Accountants Natalie Staples-Vvind, Tax Manager, HSJ Accountants

2. Keeping in touch

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You are kept up-to-date with how your connections are benefiting from our partnership.

  • We will provide a structured reporting process to inform you of our progress as we help your connections.
  • We’ll give you a dedicated point of contact, and introduce you to the tax advisers that will support your network.
  • We will nurture the relationship with periodical check-ins to ensure it delivers what is intended.

3. Rewarding our partners

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  • We recognise the value of our relationships by sharing a portion of our fee.
  • All our partnerships are designed to add value to you by reducing your risk, freeing up your time and giving you kudos in the eyes of your connections for introducing them to our expertise.
  • See your connections flourish with this transformative funding source that we can initiate, or enhance if they are already using it.

Why choose ForrestBrown?

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0117 926 9022