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The Radius team's new area of support focused primarily on providing qualified, tailored advice and support to accountancy firms conducting R&D Tax Relief claims.
With increasing levels of scrutiny and more compliance checks being exhibited by HMRC into R&D Tax Relief claims, Radius has also seen an increase in requests for consultancy work to provide advice and guidance to accountancy firms who have completed claims for their clients or provided advice.
These requests are mostly derived from the following areas:
The requests we receive share a common goal: de-risking R&D Tax Relief claims against the business, at a time when risk is growing.
If your accountancy firm manages R&D claims for multiple clients, our specialist R&D technical compliance team will review these, providing detailed risk analyses to help you better understand which of your current clients may be at risk of an HMRC enquiry, and where improvements could be made in the reporting process.
HMRC Enquiry Support
Suppose your client is subject to an HMRC enquiry into their R&D tax relief claim. In that case, we can provide specialist advice on formulating the appropriate responses and resolving any issues.
Our team includes an experienced former HMRC R&D Tax Inspector who fully understands the processes and requirements of such an enquiry.
Training & Upskilling
If you have an R&D team in-house or plan to grow and develop one in future, the Radius team offer bespoke advice, guidance, and training to help you build a team that does R&D tax reliefs properly.
Accountancy Partnerships
Our team of dedicated R&D specialists works closely with accountants nationwide, helping them complete their clients’ claims, reducing risk and maximising their value within the legislative parameters.
Consultancy
Our compliance team can review ongoing R&D Tax claims being conducted by your firm’s in-house R&D team; this includes early investigations into the eligibility of a claim, ongoing advice and support throughout a claim process, and a review of complete claim documentation in line with financial and technical compliance.
Risk Profiling
R&D Tax Reliefs are a specialisation within business tax legislation. It is a highly technical field, requiring an understanding of the R&D BEIS Guidelines and an appropriate level of technical knowledge to help provide insight into the claim.
This includes the ability to explain why there is technical uncertainty and an appreciable advance in capability or knowledge within the project.
Accountancy firms may not have the technical, engineering or research experience required to provide an appropriate level of advice; they may also be unable to foresee all requirements under the most recent legislative rules. Our support allows these accountants to better qualify and validate their clients’ projects from a technical perspective.
25 April 2024
The rules on outsourcing R&D work to subcontractors can seem complex for companies looking to claim R&D tax relief on the project expenditure. Although HMRC has introduced more straightforward rules from 1 April 2024*,
19 April 2024
With the recent updates to R&D tax reliefs starting from 1st April 2024, significant changes have been made regarding spending on overseas projects involving third-party services. These all apply for accounting periods beg
As part of a raft of changes to R&D tax reliefs that came into effect on 1 April 2024, there are some important updates relating to contracting out of R&D activities. These all apply for accounting periods beginning on or af
31 March 2024
27 March 2024
The Patent Box regime, administered by HMRC in the United Kingdom, aims to incentivise companies to invest in advancing technologies. It offers a reduced rate of Corporation Tax on profits generated from patented products or processe
Scott Burkinshaw
Darryl Hoy
Matt Pierce
Zarif Zaman
