Firm Profile

Braithwaite Tax Recovery Consultants Limited assists its clients in tax credit recovery in the United Kingdom through the application of its knowledge of the Research and Development (R&D) tax credit program. Our staff of consultants has diverse backgrounds, with professional experience in providing advice on R&D matters focusing on technology, taxation, finance and accounting.

This Site

This site provides information on who we are, what we do and identifies the consultants that make up our firm. It also provides access to our knowledge base of written materials related to the R&D tax credit program. Links are provided to sites on the Internet where you can learn more. A number of topics on the R&D program are covered, and you are encouraged to search our knowledge base to find what you need. We welcome your feedback. Write to us or contact us by telephone.

Companies leaving money on the table

In 2003-2004 the Government provided approximately £250 million in funding of claims made under the R&D tax credit program to around 4,500 small and medium sized enterprises (SMEs).

It is estimated that there was between £500 and £600 million that went unclaimed and that an additional 11,000 SMEs could have filed claims in 2003.

The companies that did not file claims were likely either not aware of the program, or are not aware of the types of activities that are eligible for funding.

Large Company relief has only been available for eligible R&D incurred on or after 1 April 2002. Many large companies are not aware of the Large Company program or that they are in a position to claim the credits.

A common misconception is the belief that the R&D tax credit program was created exclusively for the high-tech sector. R&D is not performed in laboratories only. It can happen in an office behind a computer or on the shop floor. more