Our teams have been working to support our clients and contacts during the ongoing COVID-19 situation and particularly support businesses with immediate issues such as tightening cashflows.
Here is an overview of some of the key considerations for businesses seeking to claim R&D tax credits over the short and medium term.
Businesses may be able to take some straightforward steps to ensure they have identified the available R&D tax credits and R&D Expenditure Credits in a timely manner:
KPMG’s Incentives Practice has been operating since the inception of the UK R&D tax schemes in 2000 and are a founder member of KPMG’s Global R&D Incentives Practice.
We have highly skilled and experienced individuals in our team. We are experts in not only the taxation and accounting issues, including dealing with HMRC but we also have a team of engineers and specialists to assist with the identification of R&D activities.
KPMG has the technological capability and resource to prepare R&D claims remotely from start to finish and can help companies deliver claims despite the restrictions in place for COVID-19.
Click here to view our sector-specific guides, which include Engineering, Food and Drink, Life Sciences, and Software.