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R&D Tax Audits Checklist Requests

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    Audit Checklist

    If your company claims R&D Tax, it is critically important that you have the information and documentation to substantiate your R&D Tax claim.

    We've created an Audit Checklist for R&D projects relating to manufacturing so you can ensure that you are prepared for the event of an audit.

    This checklist is general checklist for all R&D Projects. To access a checklist that is specific to your industry, click on one of the links below:

    Do you need help defending an Audit? Click here for some advice.

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News & Research

Altruistiq has Secured £15M in Seed Funding for their Carbon Analytics Software

Altruistiq, a software as a service (SaaS) startup using data to improve carbon reporting, has raised £15 million in one of Britain’s largest tech seed funding rounds. The company’s mission is to create the means for nearly any company to achieve and improve their sustainability. Their solution? Data-driven carbon-analytics to drive decision making and identify CO2 reduction solutions. They anticipate their solution could work across the food, retail, FMCG, logistics, and fashion industries. Altruistiq has already seen results with Gousto, a recipe box provider who utilized the platform, received the data, and targeted the ingredient level of their supply chain as the first step for decarbonisation.  The company practices what they preach, using their own technology to ensure they are constantly improving their own sustainability. At the time this article was written, their website boasts carbon emissions of 0.58g of CO2 per view - an achievement which is cleaner than 43% of pages tested.  “We’ve seen a big shift towards businesses embracing the ‘carbon accounting’ space,” said Saif Hameed, CEO and founder of Altruistiq. “Whilst this is a helpful tailwind, inaccurate data sets and a resulting lack of granular calculation leads to generic emission factors that can leave organisations open to charges of greenwashing.”

Who We Are:

Swanson Reed is one of the UK’s leading R&D Tax Relief consultancies. We manage all facets of the SR&ED tax credit program, from claim preparation and audit compliance to claim disputes. If you would like to find out more about how your business could benefit from R&D Tax Credit, contact a Swanson Reed R&D Tax Advisor today.

Deregallera has Secured £1.8M from Ford for their E-Vehicle Motor

Deregallera, a Welsh company founded in 2009, has caught the attention of Ford, securing £1.8 million in support for their electric vehicle project. The Caerphilly-based R&D firm will lead a project that will utilize the talent at Meritor - a commercial brake manufacturer, and Cardiff University. The project will focus on the design, development and testing of a new low-carbon e-vehicle motor which requires fewer rare earth materials. This reduction in rare earth materials will make the motors cheaper and minimize the environmental and climate impacts allowing a more resilient vehicle industry to form. Currently, the industry relies on China we're nearly 85% of the world's reserves of the special materials needed for permanent magnets are sourced. These permanent magnets have been crucial for achieving the needed performance in motors. In fact, of the various existing electric motors, permanent magnet motors offer the very best performance. Unfortunately, not only is it often a bad idea to rely on nearly a single source for such a crucial component, the raw metals are also being depleted. Deregallera’s design will remove this reliance on permanent magnet motors. The funding comes in from the Ford Low Carbon Vehicle Transformation Fund which will open for a second round of application in August. Administered by the Welsh Government as part of Ford’s legacy in Wales, the Low Carbon Vehicle Transformation Fund was established to help address strategic technical challenges associated with low-carbon vehicles. The project, which could have significant positive impacts on the environment, will help deliver the Welsh Government’s ambitious net zero commitments.

Who We Are:

Swanson Reed is one of the UK’s leading R&D Tax Relief consultancies. We manage all facets of the SR&ED tax credit program, from claim preparation and audit compliance to claim disputes. If you would like to find out more about how your business could benefit from R&D Tax Credit, contact a Swanson Reed R&D Tax Advisor today.

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