RD Tax | Quarterly Review

QUARTERLY REVIEW

HOW TO MAXIMISE YOUR NEXT CLAIM

With heightened HMRC scrutiny it has become increasingly important to keep detailed records at each stage of a project.

Our Quarterly Review is designed to extract concurrent project information and portray an accurate timeline of how and when your uncertainties were overcome.

Working with us every quarter reduces the need to compile or revisit project information, allowing you more time to focus on your day-to-day role.

A Review Includes the Following Steps

ARRANGING A QUARTERLY SITE VISIT, MEETING OR CALL

We’ll contact you each quarter to talk about your ongoing, new, and even future projects. By engaging with us and using our specialist advisory services we'll show you how to maximise the technical and financial benefits of your next claim.

ESTABLISHING PROJECT AND UNCERTAINTY START AND END DATES

These are crucial as they will form the basis of the timeline for not just the commercial aspects of the project but also for when the R&D activity begins and ends. Knowing when an uncertainty was identified and when it was resolved helps to establish clear and relatable boundaries to define the scope of the R&D project.

PROJECT OVERVIEW

The more detail you can give us here the better we can steer the work by applying specifics including what initiated the project, who is involved, when they became involved and what would be considered the industry baseline. We will also aim to determine at this stage exactly what advance is being sought and what the tangible and intangible outcomes will be should the advance be achieved.

PROJECT ANALYSIS

We will analyse the technical qualifications of the R&D projects, quantify associated expenditures and examine your commercial arrangements with subcontractors and external companies. We can then provide guidance concerning the expected benefit and options.

PROJECT TRACKER

R&D starts when a technical uncertainty has been identified and ends when the technical uncertainty has been resolved. Claimable R&D can recommence at any time once a specific technical uncertainty has been identified. Our Project Tracker will help you to track dates, consumables, costs and EPWs and can be shared and updated throughout the lifetime of a job.