About Us

Taxnology specialises in helping businesses leverage the tax incentives available for research and development activities. Our dedicated team of advisors has extensive knowledge of the complex landscape of tax legislation and is committed to identifying opportunities that maximise your financial benefits.

We work closely with companies across various industries, from established enterprises to startups, ensuring they can optimise their R&D investments. By understanding your unique objectives and challenges, we provide tailored solutions that empower your growth and enhance your competitive edge. Partner with us to navigate the intricacies of R&D tax credits and unlock the potential of your innovative projects.

250+

£10m+

Saved in tax

Successful Claims

Our Services

With over a decade of experience in the innovations reliefs sector, our team offers a number of services to unlock your financial growth.

R&D Tax Relief

End-to-end R&D tax relief service, helping businesses of all sizes make robust claims, through our efficient consulting process.

Patent Box Tax Relief

Enquiry Resolution

Patent box tax relief service, assisting companies with granted patents to navigate the government's patent box tax relief scheme.

With extensive experience of dealing with enquiry units at HMRC, we offer defence services to assist your business through the process of a HMRC compliance check.

Frequently asked questions

How much is an R&D claim worth?

The tax benefit of any claim is dependent on a number of factors including the tax position of the company during the period of claim, the amount of qualifying expenditure claimed for and the period the claim is made in. Presently, for SME businesses the tax benefit is worth between 18 - 26% of your R&D expenditure.

Can we claim for Patent Box Relief with R&D tax relief?

Patent Box relief is a reduction of a company's corporation tax rate and therefore benefits companies in a taxable profit making position. If the R&D relief additional deduction does not eliminate your tax, Patent Box can be claimed in tandem with R&D tax relief for a highly beneficial tax saving.

How quickly can you provide a claim?

We always aim to work to your timescales, especially if you have a statutory deadline looming. With that being said, we do ensure that claims are given a secondary independent review before completion to ensure that we match speed with quality. Our average claim turnaround time is currently 22 days.

How quickly do HMRC pay out cash credit claims?

HMRC's turnaround time is quoted as 28 days from submission, with a further timespan of several weeks for processing payments. This can vary throughout the year when HMRC are particularly busy.

Is there a risk of HMRC enquiry?

Any claim submitted to HMRC may be subject to a compliance check, both for random processing and with due cause. With that in mind, we adhere to the PCRT (Professional Conduct in Relation to Taxation) guidance on R&D claims preparation, and where we feel there is non-qualifying activity or non-qualifying expenditure we will not proceed with a claim and will advise you accordingly. Our due diligence processes ensure that in the event of an enquiry check, we are able to justify and defend the submission.

What information will I need to provide to get started?

During the claim preparation process we'll request a number of financial documents as well as technical information on your project activity. To make things simple, we can request these directly from your accountant or even download them from your accounting software. Our aim is to save your time and make the process as seamless as possible.