In 2011 we presented a Tax Claim to HMRC for £1.2m worth of research and development work that we have undertaken whilst developing the 961 Commando platform.
The process started in the summer of 2011 and the claim was agreed in February 2012, which took just under 7 months to complete. In order to expedite this process, we produced information covering all aspects of the R & D work carried out during this time. This included all work implemented by our team of designers and purchasers starting with the Euro 3 Homologation and progressing to professional prototypes and manufacturing to high quality levels. All aspects were considered and used from R & D in both Design and Development Engineering, coupled with the establishment of our in house engine assembly. As the process came to its conclusion we had a very valid case, which needed to be detailed and specific on the reason, description and duration of all costs involved.
Whilst the process at times was quite laborious and time consuming, perseverance, along with accurate records is key. Following a visit from a specialist HMRC personnel the claim was approved.
Any company that may like further information please contact Kay Johnson on firstname.lastname@example.org