Fiscale Ltd is a specialist in Research and Development (R&D) Tax Credit.
We help companies to claim valuable tax relief from HM Revenue and Customs (HMRC) on investment made in R&D.
We do not offer standard accountancy services. Our focus is solely on R&D Tax Credit claims, which is one of the reasons we have a 100% success rate.
What is R&D Tax Credit?
R&D Tax Credit was introduced in 2000 to encourage businesses to invest in developing ‘new’ or ‘improved’ products.
If you innovate and improve the way something works in your joinery business, and the outcome lacked ‘certainty’ in the beginning, you may qualify.
R&D Tax Credit works by reducing a company’s tax bill by an amount equal to a percentage of its allowable R&D expenditure. The tax credit can be used to offset a tax bill, or taken as cash depending on whether your business is currently profitable.
A claim can be submitted for the current tax year, plus two previous tax years. The financial benefit in the first instance can be significant, with an average first claim of £67,000. Claims can be made at any stage of the financial year.
The relief is tax free and there are no limitations as to how it can be used.