R&D Tax Credits · South London
R&D tax credit claims in Borough, Southwark
If your Borough, Southwark company has spent money trying to resolve a technical problem that competent professionals could not readily solve, you may have an R&D claim worth up to 16.2% of the spend under the merged scheme, or more as a loss-making R&D-intensive company. We review eligibility free, then prepare and file for a fixed fee.
from £999 · fixed, per claim
Next deadlines
- R&D claim deadline: 2 years after the end of the accounting period (and the pre-notification window of 6 months after the period for first-time claimants)
- Company tax return (CT600) due 12 months after your year end (a 31 December year end files by 31 December)
- Corporation Tax payment, 9 months and 1 day after your year end (a 31 December year end pays by 1 October)
- R&D claim deadline: 2 years after the end of the accounting period (and the pre-notification window of 6 months after the period for first-time claimants)
Who this is for
R&D Tax Credits for Borough
Limited companies in Borough, Southwark that have tried to achieve an advance in science or technology and faced genuine uncertainty doing it: software firms building something that did not exist, manufacturers developing new processes or materials, engineering businesses solving problems off the standard path, and food, biotech and clean-tech companies with development spend to recover.
What is included
Everything inside the fixed fee
- Eligibility review against the statutory definition of R&D for tax purposes, with a written yes or no
- Advance notification to HMRC within six months of the period end for first-time and lapsed claimants
- Technical narrative for each project: the scientific or technological uncertainty, the advance sought and how it was resolved
- Qualifying expenditure computed: staff costs, subcontractors, externally provided workers, software, consumables and data
- The Additional Information Form completed and submitted before the CT600 is filed
- Claim entered on the CT600 and the relief or payable credit tracked through to HMRC's payment
How it works
R&D Tax Credits from Borough, Southwark, step by step
Tell us your situation
A short message or call about what you do and what needs filing. We ask the questions that determine the right package and nothing more.
Fixed fee in writing
You receive one price for the work, confirmed by email before anything starts. It does not change if the job takes longer than we expected.
Send records, review the draft
Records come by WhatsApp or email. We prepare the draft, explain the figures in plain English and answer your questions.
We file, you get the receipts
Once you approve and the fee is settled, we submit electronically and forward the HMRC or Companies House acknowledgement the same day.
Why IGI
What you get in Borough
The price for r&d tax credits is published on this page and is what a client in Borough pays. We confirm it in writing first, and the invoice matches the quote.
Deadline-first: the dates that matter for r&d tax credits are shown at the top of this page, diarised for every Borough client and chased before they arrive.
Online only, UK based. There is no office in Borough to pay for, which is why the fee is the same here as anywhere in England; the work is done by people in the UK who answer the same day.
Continuity matters in r&d tax credits: the person who prepared last year's work for your Borough business prepares this year's, and remembers what was agreed.
Plain English, with the numbers. Every draft for Borough comes with a short explanation of what the figures mean and what, if anything, you should do about them.
You stay in control of r&d tax credits: drafts go to Borough clients first, with the figures explained, and nothing leaves us until you say so.
Local facts
About Borough, Southwark
Borough, Southwark is in South London, within Southwark, in the SE1 postcode district, England. Income tax in England follows the UK rates: 20% basic to £50,270, 40% higher to £125,140 and 45% additional, with the personal allowance of £12,570 tapered away above £100,000. National Insurance, VAT and Corporation Tax are UK-wide, and Stamp Duty Land Tax applies to property purchases.
| Place | Distance | Direction |
|---|---|---|
| Chaucer | 0.2 mi | SE |
| Cathedrals | 0.3 mi | W |
| Borough Market | 0.3 mi | NE |
| Southwark | 0.5 mi | NW |
| Elephant and Castle | 0.5 mi | SW |
| London Bridge | 0.5 mi | NE |
| Bankside, Southwark | 0.6 mi | NW |
| Dowgate | 0.6 mi | N |
Worth knowing
Rules that come up in this work
Employer National Insurance
The cost of an employee is more than the salary. Employer National Insurance at 15% above £5,000 a year, the 3% minimum pension contribution, holiday pay, equipment and management time all come on top. The Employment Allowance of £10,500 reduces the National Insurance for most employers with more than one person on the payroll.
Workplace pensions and auto-enrolment
Auto-enrolment duties begin the day you take on your first employee, not when the Pensions Regulator writes to you. Eligible staff must be enrolled, contributions paid every pay period and re-enrolment carried out every three years. Director-only companies without employment contracts are usually exempt. Fines for non-compliance are fixed and escalating.
Dormant companies
A dormant company is one with no significant accounting transactions in the year, where the only permitted entries are the payment for shares on incorporation, Companies House fees and penalties. It still files a confirmation statement and simplified dormant accounts every year. A bank charge or an accountant's fee paid from the company ends dormancy and requires full accounts.
The trading and property allowances
The first £1,000 of trading income and, separately, the first £1,000 of property income each year is tax free under the trading and property allowances. Below those figures no return is needed for that income. Above them you can deduct the £1,000 allowance instead of actual expenses if that is better, which suits side businesses and single-room lets with few costs.
Crypto records and reporting
Most crypto holders have taxable events they do not recognise, because every swap is a disposal even when no pounds change hands. The computation requires the complete transaction history from every exchange and wallet, pooled by asset with HMRC's matching rules applied. Exchange-generated tax reports are frequently wrong because they cannot see transfers between a user's own wallets.
The 60-day property CGT return
Selling UK residential property that was not your main home for the whole period of ownership triggers a separate Capital Gains Tax return, due within 60 days of completion along with payment of the tax. This is in addition to the annual Self Assessment. The gain is taxed at 18% or 24% depending on your income band, after the £3,000 annual exempt amount.
Record keeping
Good records are the difference between a quick enquiry and a long one. For the self-employed, five years after the filing deadline; for companies, six years from the year end; for VAT, six years. Photographs of receipts, PDF statements and software exports all count. The requirement is to keep records, not paper, and a well-organised cloud folder satisfies it.
Questions
R&D Tax Credits questions from Borough
Does claiming R&D relief increase my chance of an enquiry?
HMRC now checks a far higher proportion of claims than before 2023, so any claim carries some risk of questions. A claim with a clear technical narrative, costs that reconcile to the accounts and payroll, and a named competent professional behind it is answered quickly. We write claims to that standard.
How far back can I claim?
A claim can be made up to two years after the end of the accounting period, by amending the CT600. If you have two open periods both can be claimed. The notification rule applies to the later periods if you have not claimed recently, so the two-year window and the six-month window interact; we check both.
How much is the relief worth under the merged scheme?
For accounting periods starting on or after 1 April 2024 the merged scheme gives a 20% expenditure credit, taxable, so worth around 15% to 16.2% of qualifying spend net of tax. Loss-making companies spending at least 30% of total expenditure on R&D can claim the enhanced intensive rate, worth up to 27%.
What costs qualify?
Staff costs including employer NI and pension for time spent on R&D, externally provided workers at 65%, subcontracted R&D at 65% with new rules on who claims, software licences, cloud computing and data costs, consumables transformed or used up in the R&D, and some clinical trial payments. Capital spend, rent and marketing do not qualify.
Why is the eligibility review free?
Because a large share of enquiries do not qualify, and we would rather tell you that for nothing than charge £999 for a claim HMRC rejects. The review takes a short call and some questions about the projects. You get a written view: qualifies, does not qualify, or borderline with the reasons. There is no obligation afterwards.
What counts as R&D for tax purposes?
A project seeking an advance in overall knowledge or capability in a field of science or technology, through the resolution of scientific or technological uncertainty that a competent professional in the field could not readily resolve. Commercial novelty is not enough; routine development with known methods is not enough. The test is about the technology, not the product.
Do you have an office in Borough?
No. IGI Accounting is an online-only firm. We serve Borough, Southwark and every other UK postcode remotely, with records sent by WhatsApp or email and everything filed electronically. The absence of local premises is why the fee for r&d tax credits is the same in Borough as anywhere else in the country, and why there is nothing to visit and nothing to print.
Is r&d tax credits in Borough really the same price as elsewhere?
Yes. The fee published on this page is what a client in Borough, Southwark pays and what a client in any other part of England pays. It is confirmed in writing before work starts and the invoice matches the quote. Where a higher package applies because your situation is more complex, we say so at the quote stage, never afterwards.
Let us take the deadlines off your plate in Borough
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.