Gain greater confidence in your R&D tax relief claim with a complimentary health check

For life sciences businesses, R&D tax relief can provide an important source of non-dilutive cashflow, helping valuable funds to be reinvested into research programmes, clinical development and the progression of new technologies, products and treatments.

However, the R&D tax relief landscape has become increasingly complex. Significant legislative changes, new administrative requirements and greater HMRC scrutiny mean it is more important than ever for businesses to understand whether their claim is both technically robust and procedurally compliant.

To support innovative businesses, specialist R&D tax consultancy LimestoneGrey is offering a complimentary R&D Tax Relief Health Check.
The health check provides an independent review of your latest R&D tax claim, carried out by a chartered tax adviser specialising in R&D tax relief.

For life sciences companies, this can include reviewing areas such as:

• The relationship between your business, CROs and other third parties, including who is considered to be undertaking the R&D
• The treatment of subcontracted and overseas R&D expenditure
• Grant-funded projects and other sources of funding
• Whether the scientific or technological advances and uncertainties have been clearly demonstrated
• Whether qualifying expenditure has been correctly identified and whether any eligible costs may have been overlooked
• PAYE cap considerations and other claim restrictions
• Whether the technical narrative has been structured appropriately to support the claim

Importantly, we also review the compliance procedures surrounding the claim. In an evolving legislative landscape, getting the underlying R&D and expenditure calculations right is only part of the picture. Businesses also need to ensure that the correct claim notification, Additional Information Form and other procedural requirements have been followed.

The health check is not simply about identifying areas of risk. We will also highlight what is being done well, provide reassurance where the approach is robust and identify opportunities to strengthen future claims.

The review is completely complimentary, confidential and carried out under a mutual NDA. LimestoneGrey will not contact your existing adviser, and there is no obligation to change adviser following the review.

For life sciences businesses already claiming R&D tax relief, it is a straightforward way to gain an independent specialist view of your current approach and greater confidence that your claims are being prepared correctly.

To find out more or request your complimentary R&D Tax Relief Health Check, visit LimestoneGrey – Free R&D Claim Review or contact lisa.james@limestonegrey.com.