The professional sports sector in the UK is known for engaging in valuable research and development to create top-performing sporting goods. If your business falls within this industry, you may be eligible to claim up to 33% of your R&D expenses.
Expenditures that can be accounted for in your R&D claim as revenue expenditure include:
We suggest evaluating your project against the following three criteria to determine if it meets the requirements for R&D classification in the eyes of HMRC:
Our Expert team of knowledgeable sector specialists, sport consultants, accountants, and former-HMRC tax inspectors can uncover R&D expenditure in sport projects that other advisers miss.
EXPLORE: Schedule a free appointment below, and we will determine your eligibility and your sporting firm’s total R&D tax position.
CREATE: We will create a claim that minimises your potential exposure to HMRC inquiries, attempt to expedite your claim, and avoid delays in getting your benefit. The claim will undergo rigorous compliance checks by our in-house compliance team.
OPTIMISE: We’ll find you additional sources of R&D funding and offer planning assistance for your R&D strategy, taking potential incentives and grants into consideration. Through the whole company lifecycle, we can help by taking a comprehensive approach to the needs for innovation assistance.
REWARD: We’ll ensure you safely receive the maximum tax credit available to you, enhancing your future growth.
Our team of sector specialists, sport consultants, accountants, and former HMRC tax inspectors can help uncover R&D expenditure in sports projects that other advisors may miss. Schedule a free appointment with us to determine your eligibility and total R&D tax position, and let us create a claim that minimises your potential exposure to HMRC inquiries and safely maximises your benefits.
It was a pleasure working with the guys at Bonham & Brook, especially considering that, with the wealth of knowledge backed up with the expertise of an ex HMRC officer, we had confidence going ahead with a claim for the first time. After successfully receiving a substantial refund, we would not hesitate doing another claim and, it goes without saying, Bonham & Brook will be our preferred partners going forward. Thank you, again.
We worked with the team at Bonham & Brook on the R&D claim that we were unaware of. To our surprise they made the whole process seamless and we received our refund from HMRC. We will definitely be using B&B again for our R&D claim to help us grow our business.
At first I believed that R&D tax credits were a little too good to be true or that my company would not be applicable. Jenson, Hannad and the team's expertise and experience reassured and guided me through the process. I had to put in approx. 1 - 2 hours work and they did the rest of the application. The first time we worked together they were able to claim for the previous 2 years, so we received a bumper double rebate. This money has helped us grow the business by having the cash to grow the team and increase our marketing budget. My business has grown thanks to their work, so I am eternally grateful.
Managing & Creative Director
Please get in touch and a member of our team will get back to you immediately.