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Making an R&D Funding Claim
At Minerva Innovation Group, we pride ourselves on being a boutique company that strongly emphasises building meaningful relationships with our clients (and we have an award to prove it).
We believe personal connections are key to providing exceptional service and ensuring your satisfaction throughout every phase of the R&D Funding process. When you work with us, you will see the same dedicated faces from start to finish, ensuring consistency and trust.
Initial Consultation
Initial Meeting: Our journey begins with an introductory meeting, during which we get to know you and your business and understand your unique needs, challenges, and goals.
Personal Connection: Building a solid rapport is crucial to us. You will meet the team members who will be with you every step of the way, ensuring a consistent and personalised experience.
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Information Gathering
Detailed Analysis: We thoroughly analyse your business activities to identify potential R&D projects and qualifying costs. This involves in-depth discussions with key personnel and a review of relevant documentation.
Comprehensive Data Collection: Our team gathers all necessary information, ensuring we capture every eligible expense to maximise your claim.
R&D Report
Technical Narrative: We compile a detailed R&D report that includes a technical narrative describing how your projects meet HMRC’s criteria. This report highlights the technological advancements and the uncertainties overcome, closely following HMRC's definitions.
Financial Summary: Alongside the technical narrative, we prepare a financial summary that outlines the qualifying costs, ensuring clarity and accuracy in your claim. We can liaise directly with your accountant to collect all the relevant information and minimise your time input.
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Submission
Filing with HMRC: Once you have reviewed and approved the R&D report, and we have ensured that all documentation is complete and compliant with HMRC guidelines to the best of our knowledge, we will either submit the claim to HMRC on your behalf or support your accountants step-by-step through the submission process.
Follow-Up
Continuous Support: After submission, we remain actively engaged, monitoring the progress of your claim and providing you with regular updates. To date, our average annual enquiry rate is <1%, and if HMRC does have any queries or requires additional information, we will handle all communications at no extra cost to you.
Ongoing Relationship: Our commitment to you doesn’t end with the submission. We are happy to keep in touch throughout the year (at times most convenient to you) to discuss ongoing relevant technical activities. As we said, we work on a bespoke client-by-client basis; we do what works best for you.
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