RIFT R&D Tax Credits can help Membership Bodies add value for their members by enabling them to claim a reward for their innovations. The R&D Tax Credit is an often overlooked and widely misunderstood tax incentive scheme, and being able to hand any queries over to specialists well practiced in spotting R&D is a benefit your members will be grateful for
Only 4% of eligible businesses are making the R&D tax credit claims they're entitled to. Given that the average claim sits at an impressive £49,000 that's a lot of money your members could be missing out on. We're determined to improve these statistics, and with your help, we can.
By referring your members to us, we can:
Quickly and reliably work out if they have a claim.
Unearth every qualifying project and cost.
Build the claim ready to present to HMRC.
Fight your members' corner until their claims are approved.
Offer ongoing help, advice and support for future claims.
Our consultation is free so if your members are unsure as to their eligibility under the scheme, as is likely the case in such a niche area of tax, there's no harm in putting them in touch with us to find out where they stand. We're not pushy and we'll only encourage a business to claim if we're certain that it will be of benefit to them.
Together, we can:
Add a new area of expertise to the financial advice you offer.
Ensure your members understand the value of R&D Tax Credits.
Confidently maximise their claims.
Like you we understand that R&D Tax Credits are only an element of a company's financial strategy; if we think there will be any conflict with the other financial options available, such as grant funding, we'll help your members assess their options and together we can reach a decision that's best for them.
Membership Bodies Case Study
Steve Brawley, Chief Executive of The Joint Industry Construction Board
“The Joint Industry Board works with RIFT to promote R&D tax credits to our members. RIFT make an excellent business partner, they are flexible, they understand the nature of our industry, where people are busy and time poor and need straightforward and down to earth advice and support.
Most of our members were unaware of tax credits and RIFT put in the time and effort to support the JIB at a series of regional conferences to raise awareness.
A number of our members then used RIFT to help them with their R&D claim and were pleasantly surprised to discover that RIFT take care of the majority of the paperwork which is needed by HMRC and the process was fairly painless from their point of view.
Some significant rebates have now been paid into our members’ bank accounts and we continue to work with RIFT to build on the partnership because our members benefit from our relationship.”
According to the government's own statistics, R&D Tax Credits claims for small and medium-sized businesses rose 16% in 2014-15. That's a pretty good figure if you look at it in isolation, bringing the...
RIFT's dedicated Research and Development Tax Credits division gives us the opportunity to work with some of the most innovative businesses in the UK and we're delighted to be turning the spotlight on...