Hallidays identified qualifying R&D expenditure of just over £200K.
With the refund in excess of £52K, the company reinvested in growing their business.
The company now has a clear understanding of how to make a claim for R&D expenditure which will enable them to reduce their corporation tax year-on-year.
“We were liable to pay corporation tax at the full rate, we had never claimed relief for R&D until Hallidays advised us to do so. They worked closely with us, providing the specialised support to prepare the claim and to resolve queries. We were very pleased to be able to re-invest the £52k tax refund into growing the business.”