Research & Development Tax Relief
In 2000, the UK Government opted to follow many countries by introducing a Tax Relief scheme for Research & Development activities. The Governments goal has been to drive innovation within the UK and offer a cash injection to support the growth and development of companies of all shapes and industries.
Eligibility for tax relief, has been split into two schemes, one for Small and Medium Enterprises, the other for Large companies. For either scheme, a business must be structured as a Limited business and eligible for corporation tax.
For an R&D submission, businesses then have to showcase how they have made a scientific advancement or overcome a technological uncertainty. That's where JJMK come in! Taking a deep dive into your innovation projects and producing a technical narrative to evidence the costs and work that was involved. Our process simplifies the journey for our clients, streamlining an otherwise laborious process.
JJMK Claim Process
JJMK have tried to change the methodology for undertaking R&D Tax submissions, to have a low time impact on your business.
We are often asked, "how long will it take to complete a R&D Tax Submission"? By choosing JJMK, we aim to have the entire process completed and funds in your account, within 40 days of our engagement starting.