Midlands businesses set to benefit from no win, no fee tax relief claims

Midlands businesses could claim substantial research and development tax relief after Worcester-based accountants and tax advisers, Rabjohns LLP, launched a new service based on no win, no fee.

The research and development tax credit is available to companies who work in scientific or technological sectors creating new or improved products, processes and services.

To qualify companies need to spend at least £10,000 on research and development and have a degree of novelty or innovation in what they are developing.

James Geary, Head of Rabjohns Science and Technology Group, said this initiative from Rabjohns would be welcome news for Midlands businesses.

"Many businesses are missing out on extremely valuable research and development tax relief simply because they do not know it exists, or are unaware how to claim it."

"All too often, companies incur substantial research or development expenditure and claim no special relief at all, when by taking some expert professional advice their tax position could be significantly improved."

"We have made many successful claims ranging from £5,000 to £500,000".

"Many companies are understandably hesitant about asking for professional advice because of the perceived costs involved. The introduction of this service means that these companies can now investigate research and development claims with absolutely no financial risk. "

"We are so confident that there are significant unclaimed costs to be paid by HMRC that a fee is only payable to Rabjohns if there is a favourable result. If they don't win then they pay nothing!"

For more information please contact James on 01905 732100 or e-mail him at jg@rabjohns.co.uk.

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