RCK’s Senior Leadership Team
Chief Executive Officer
Lord Philip Hammond
Peter Clark PhD
Chief Technology Officer
Chief Commercial Officer
Wayne Boorer (ACMA)
Chief Financial Officer
General Counsel (Partner)
Richard Hill (ACA)
Head of Compliance (Partner)
Am I Eligible?
Take some time with one of our experts to see if you are entitled to tax relief.
Get an estimate of how much we can secure for you, by filling out the simple form on our contact page.
When it comes to business expenditure, it can be classified as either capital or revenue in nature. Revenue expenditure is generally related to repair works, while capital expenditure usually refers to items that provide a lasting benefit for the trade of a business. However, this type of expenditure is typically not deductible from trade profits. To obtain tax relief, businesses can claim Capital Allowances.
These allowances are available on the expenditure incurred for the provision of plant and machinery. As a result, businesses that have incurred capital expenditure on their commercial real estate, such as property developments, acquisitions, fit-outs, and refurbishments, would be eligible for these allowances. In summary, Capital Allowances provide a valuable form of tax relief that businesses can take advantage of to reduce their tax liability.
Business rates are a tax charged on most non-domestic properties such as shops, offices, warehouses, and factories to help fund council-run public services. Business rates are worked out based on the property’s ‘rateable value’ which is based on an estimate by the Valuation Office Agency (VOA) of the property’s open market rental value, and these rates change every three years. The most recent revaluation took place in April 2023. Just like council tax, business rates are an annual bill typically paid in ten instalments (however you can also pay in 12 monthly instalments).
There are several different types of business rates relief administered by your Local Authority including small business rate relief, rural rate relief, charitable rate relief and hardship relief, however the rules for these reliefs vary in Scotland and Wales compared to England.
R&D Tax Relief
The R&D Tax Relief is a government incentive that aims to support British businesses that are undertaking technically challenging work. The main goal of this incentive is to create jobs in the UK, attract foreign direct investment, and encourage a culture of innovation. Since its introduction back in 2000, the R&D Tax Relief scheme has expanded significantly to help a wide variety of sectors. As a result, more and more businesses are taking advantage of this opportunity to reduce their tax liability and invest in research and development. The R&D Tax Relief scheme is an excellent opportunity for businesses to benefit from tax relief while promoting innovation and growth in the UK.
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