“We recommend Datafox to our clients for R&D Tax Credits claims because of their long successful track record and customer-centric approach. Our priority was to ensure that they would receive the best service and not lose out financially. It’s assuring to know our clients are in safe hands with an organisation dedicated only to R&D Tax Credits.”

– Stephen, Accountant

Revision of Ethical Standards & Changes in Audit Rules

The Financial Reporting Council (FRC) UK recently decided to issue Revised Ethical Standards that will come into effect from 15th March 2021. These revisions mean businesses will need to separate their non-audit and audit services and accountancy firms will no longer be able to provide audit services to them. This will also apply to R&D Tax credit assessments which will need to be undertaken by dedicated R&D Tax specialists like Datafox. You can learn more about our R&D Tax credit claims assessment process here.

Why Choose Datafox as the Recommended Partner?

Datafox is a leading R&D Tax credits specialist that has helped businesses within all industries, make successful R&D Tax credit claims. Our team of experts can also provide a preliminary assessment of an existing R&D tax claim, and analyse it to identify all potentially eligible areas. Accountancy firms can partner with us to provide their customers with R&D Tax Credits services whilst continuing to provide other tax accounting and non-audit services to them. We are a dedicated research and development tax credit firm that provides accurate R&D Tax Credits guidance.

Perhaps you have a client or clients who have developed new products, services, or processes recently?
Claiming R&D Tax Credits can be a complicated process which is why working in partnership with Datafox allows you to focus on your core business activities in the knowledge that your clients claim is being handled in a fast, efficient and transparent manner. R&D Tax Credits offer the opportunity to add value to your customer.

Simply, make the introduction, and our experienced team of Research and Development Tax Credits experts will do the rest, whilst keeping you informed of the progress every step of the way.

What costs can you claim on?

To qualify as R&D, any activity must meet the definitions set out by the Department for Business, Innovation and Skills. These guidelines state that the activity must contribute directly to seeking the advance in science or technology or must be a qualifying indirect activity. If your company and the project both meet the necessary conditions, you can claim tax relief on revenue expenditure in the areas outlined. This means the day to day running costs of the business, not capital expenditure on assets. If you’ve spent money on something like, for example, staff costs where the employee was only partly engaged on R&D activities, you can only claim for an appropriateproportion of the cost.