We are passionate supporters of the view that healthy technology-based industries, underpinned by a thriving science base and advanced manufacturing capabilities, are essential to the future prosperity of the economy.
We have worked successfully with clients across a wide range of sectors including aerospace, automotive, electronics, telecommunications, nanophysics, software and food.
R&D tax relief is not like any other area of the tax system.
Not only is the tax legislation associated with the scheme a highly specialised area in its own right, it is unique in that a successful claim is based on its scientific or technological merits.
This means that the claim process cannot be fully handled by tax personnel alone.
It also means that, whilst still part of a company’s broader tax picture, R&D tax credits can be readily ‘unbundled’ from other tax projects.
At Pronovotech, we combine specialist skills and knowledge in the R&D tax credits system with practical experience in technology to help clients submit high-quality, sustainable claims.
It’s far better to pre-empt any queries by presenting the right information with the tax return itself.
We can work in conjunction with your existing accountant or tax adviser in order to manage the claim process from start to finish. This involves:
- gaining an understanding of your tax profile and R&D project portfolio.
- assessing the level of benefit potentially available.
- working with Her Majesty’s Revenue & Customs (HMRC) to agree the claim.
When HMRC does raise queries, any ensuing discussion must be handled carefully. At Pronovotech we have extensive experience of helping clients to agree their claims with HMRC.