When your company attempts to tackle it alone, the R&D claim process can be complicated and time-consuming, but with Grantica’s R&D engineering and tax experts in your corner, your business can streamline the process and guarantee you’re claiming the maximum tax relief you’re entitled to.
When you contact Grantica about your R&D claim, the first step will be for one of our expert representatives to conduct a free claim pre-qualification with you and your team.
Once we’re satisfied that your claim meets HMRC’s criteria for R&D tax relief, we’ll move on with our step-by-step process to get you the tax credits you’re entitled to. The Grantica team will handle most of the work, so your claim demands only approx. 5 hours of your time from start to finish.
From your first meeting with Grantica to payment of your claim by HMRC, you can expect the claims process to follow these steps:
Step 1: Pre-qualification with Grantica
The first step in the Grantica claim process is for your company to meet with a representative from Grantica for a free pre-qualification meeting.
This meeting lasts less than thirty minutes and offers a no-obligation assessment to determine whether your company meets the criteria for HMRC’s R&D scheme.
If your company is deemed eligible, Grantica will produce a contract of work to be undertaken, which will agree on the terms between your company and Grantica.
Step 2: Technical assessment and knowledge gathering for your claim
Once the contract is agreed upon, the next step is for Grantica to meet with your company for a technical assessment meeting.
This meeting is a collaborative process in which Grantica gathers information about the specific R&D projects your company has undertaken.
This information will be used to assemble and process company documents to evidence the claim. Grantica will then produce a claim document, which includes an engineering report on the R&D undertaken and financial corroboration of all related expenditures.
Step 3: Assuring claim compliance
The compliance step in the Grantica claim process is an essential one. Grantica runs legal checks on all aspects of the claim document to ensure it is accurate and meets all current criteria set out by HMRC.
If any issues are found, Grantica will work with your company to resolve them. Once the claim document meets all necessary criteria, it will be delivered to you for approval.
Step 4: Claim submission
After your company approves the claim document, it will be submitted to HMRC.
Grantica will manage the submission process, ensuring that all necessary documentation is included and that your claim is submitted on time.
Once your claim is submitted, Grantica will continue to monitor it and keep you updated on the claim’s progress.
Step 5: Claim management
If HMRC communicates with Grantica regarding the claim, Grantica will produce all necessary responses. This includes responding to any questions or concerns that HMRC may have about your claim.
If an HMRC enquiry is initiated, Grantica will compile all the necessary responses and work with you to ensure that the enquiry is resolved as quickly and efficiently as possible.
To date, we have never had a claim rejected by HMRC.