Asquith Bhondi is a specialist, senior-led R&D tax relief consultancy that helps UK companies understand whether their technical work may qualify for a claim. Their approach is compliance-led and evidence-focused, ensuring each assessment is considered against the Department for Science, Innovation and Technology definition of R&D and HMRC’s current compliance expectations.

They assist with:

✓  Initial eligibility assessment

✓  Identification and explanation of qualifying technical activity

✓  Support gathering project and cost evidence

✓  Preparation of technical claim narratives

✓  Claim preparation aligned to current requirements

✓  Support where HMRC scrutiny or compliance questions arise, subject to agreed scope

✓  Identification and review of qualifying expenditure and supporting evidence

✓  Preparation of technical narratives and supporting claim documentation

R&D for tax purposes occurs where a company seeks an advance in science or technology by addressing scientific or technological uncertainty that competent professionals cannot readily resolve using existing knowledge. The work does not have to succeed. Eligibility also depends on the company, accounting period and qualifying expenditure.

• Creating or improving products, processes or services where technological uncertainty exists
• Resolving engineering, software or scientific challenges through iterative development
• Structured research, testing and experimentation to overcome technical unknowns

R&D tax relief sits at the point where technical activity and tax reporting meet. Morgan Reach can help connect the claim to the company’s accounts and Corporation Tax position, while Asquith Bhondi focuses on the specialist technical and compliance assessment. Coming through us creates a joined-up conversation rather than leaving the two sides to be reconciled later.

• Senior-led delivery rather than a volume-processing model
• Compliance-first, with a willingness to advise against claiming where the facts don’t support it
• Evidence-led technical and cost assessment
• Close collaboration with the accountant so the R&D claim and Corporation Tax position remain joined up
• Experience across a broad range of technical sectors
• Support with HMRC compliance queries where required

A credible R&D review is not about forcing every project into a claim. It is about testing the facts against the rules, documenting the evidence and proceeding only where the position is supportable.

• UK limited companies subject to Corporation Tax
• Software and technology businesses
• Engineering and manufacturing companies
• Construction businesses solving technical challenges
• Science-led organisations
• Companies reviewing the quality of an existing or previous claim