CLAIM R&D TAX CREDITS
What are R&D Tax Credits?
Research and development (R&D) tax credits are an incentive offered to companies innovating in their industries. If you’re spending money developing or improving your company, you can claim some tax relief. No matter what sector you work in — if you’re spending money on R&D, you can claim back some of that cost and reduce your tax bill.
IS MY COMPANY ELIGIBLE FOR R&D TAX RELIEF?
Your business may qualify if you meet the following criteria:
You’re a limited company in the UK subject to Corporation Tax
You’ve carried out qualifying research and development activities
You’ve spent money on R&D projects (usually staff costs)
Now part of MAP, Lagom’s legacy of expertise in software, design, and fintech continues. With a rich background working with top fintech companies, our team is perfectly positioned to assist you with your claim.
How do I get started?
Get in touch! Together we’ll put together a claim which really shows off your project.
Our 4-step process makes sure that you get the tax relief you deserve with the minimum investment of time and cost:
1. Reach out
We’ll have a chat through the projects you’re running and see if they qualify.
2. Gather some insights
We’ll sit down with your team and get the nitty-gritty details: the technology you use, your infrastructure and any technical challenges you faced during the projects.
3. Prepare a report
We’ll put together a Technical Justification Report — a demonstration with financial evidence of how your business has innovated while experiencing technical uncertainty.
4. Make the claim
Once you’ve signed off the Technical Justification, We’ll send it to HMRC. We’ll keep you updated about progress, timelines and answer any questions HMRC without you needing to get involved.