Helping companies access Government Incentives

Our trusted advisors help you access Government Grants and Incentives.

 

About us

We are a team of technical experts in helping small and medium businesses access their Government tax incentives. We have assisted over 250 companies to access Government grants and incentives.

 

We start by providing free consultation to understand the business of our client and present potential areas available. 

Our simple steps below outline the way we work:

Success

Successfully work with you in sourcing and accessing an applicable incentive

Forward-Thinking

Strategically advise on company and project structuring in preparation for future landscape 

Trusted Advisor

Your trusted and relied upon Innovation Incentives Partner, on your side so that you will never miss an opportunity again

5 Simple Steps

Introduction

Executive Workshop

Technical Assessment

Financial Analysis

Submission

Opportunities

R&D Tax Relief

R&DTR provides tax relief of up to 26% of the eligible expenditure for tax paying SMEs and a cash payment of up to 33.3% of the eligible expenditure for loss making SMEs

Patent Box

The Patent Box allows companies to apply a 10% rate of corporation tax to profits attributable to qualifying patents

Video Game Tax Relief

Video Game Tax Relief currently may provide a net benefit of 16% for tax payers or a payable tax credit with a net benefit of 20% for loss making games

R&D Expenditure Credits

RDEC is a payable 12% credit on the eligible R&D expenditure incurred providing an after tax benefit of 9.72%

R&D Capital Allowances

RDAs are the capital expenditure equivalent of the Research and Development Tax Relief scheme and provides a 100% first year allowance for qualifying R&D capital expenditure

Land Remediation Relief

Land Remediation Relief is a relief from corporation tax only. It provides a deduction of 100%, plus an additional deduction of 50%, for qualifying expenditure incurred by companies in cleaning up land acquired in a contaminated state

 
 

Company Profile

Industry: Software Technology

Raised: £3 million

Employees: 10-50

Brief Background

The company uses third-party applications and software development kits to build bespoke solutions. The company thought it could not qualify due to using off-the-shelf technologies. 

How we helped

GTIC found the company developed integration modules not available from Microsoft or third-parties. The company also developed solutions to overcome limitations in software development kits. GTIC identified a series of middleware developments by working closely with the software development team. 

Result: Successful R&D claim, claiming back over £150,000 over two previous years. 

Case studies

Company Profile

Industry: Oil & Gas

Turnover: £2.5 million

Employees: 10-50

Brief Background

The company designs and develops plant & machinery to provide Oil & Gas well intervention and testing services. 

How we helped

While the company had been operating since 2000, the company was not informed of the R&D incentive as the Accountants were unable to technically assess the company's activities. GTIC identified eligible activities, set up project capturing tools and implemented an innovation incentive strategy. 

Result: Successful R&D claim, claiming back £200,000 over two years.

Company Profile

Industry: Packaging Manufacturer

Turnover: £5 million

Employees: 51-100

Brief Background

The company designs and develops packaging for a variety of household products. 

How we helped

The company has successfully claimed R&D tax credits in the past. GTIC found only new products were being included in the claims and revisited the definition of R&D with department directors. 

GTIC identified further opportunities in projects that overcame limitations in materials due to sustainability and environmental factors. These projects duplicated the existing effects of existing products, while consuming less resource.

Result: Increased the amount of expenditure qualifying for the R&D tax scheme by £300,000. 

Testimonials

Engineering Consultancy

East Midlands

GTIC has been professional throughout. They learnt about our business, met us many times and have cleverly put in place plans for the future

Software Development House

London

The team cares about our business and has helped us reclaim significant sums from R&D. They also worked quickly when we needed it and turned around our claim in under two weeks.

Packaging Manufacturer

Kent

GTIC managed our R&D tax credit from start to finish, they were better at finding eligible projects than our previous providers.

 

Get in touch

Contact us for a FREE consultation for up to 30 Minutes

or

Call to speak to an advisor - 020 3959 8332

GTIC

0203 959 8332

Hello@govtaxincentives.com

Interchange

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