Sports clubs are ideal spaces for carrying out research; where new equipment can be tested, athlete performance techniques can be optimised and injury recovery solutions can be developed. Factoring novel digital and software technologies into the equation furthers the analytical potential by awarding tracking, monitoring and record-keeping functionalities.
Sports & Exercise was one of the hardest industries hit by the 2020 pandemic; not only was there a massive loss of income, but organisations also had to explore alternative methods of returning safely and adorn those costs internally.
Prior to 2020; professional and semi-professional clubs were one of the most underclaiming industries; this was largely due to a heavy reliance on tried-and-tested approaches to improve athletes’ fitness, performance and injury remediation.
The advancement of smart technologies, new medical and nutritional discoveries, in combination with a legislative focus on safety, has spurred an industry-wide revolution to derive novel and innovative approaches toward sporting operations. This has led to a substantial increase in sports organisations taking advantage of the R&D Scheme.
The scheme has also become a helpful evidence-based piece of research to demonstrate the importance of science in a sport organisation.
There are four main areas of qualifying activities across clubs or institutions:
Quite often, it is difficult to determine where the day-to-day training or recovery ends, and real and true innovation begins.
Our highly experienced team at Bonham & Brook have set out a methodology to take into consideration when a team goes “above and beyond” in coaching, preparation, rehabilitation, nutrition and well-being.
By including a small percentage of athlete time; R&D claims for professional sports organisations can be quite substantial. The smaller clubs could claim anywhere from £70,000 per accounting period; with larger clubs claiming up to £500,000.
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
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