HMRC claim notification: Preparing and submitting a HMRC claim notification (if required).

Technical scoping: A workshop-style Teams session with your technical team to identify eligible R&D projects and capture qualifying activities.

Finance review: A workshop-style Teams session with your finance team to capture and review qualifying expenditure.

Staff time analysis: Advising and supporting the preparation of a staff time apportionment schedule relevant to the qualifying R&D activities.

Technical reports: Drafting clear, compelling narratives that demonstrate to HMRC exactly how your projects meet the definition of R&D, the single most critical element of any successful claim.

Cost schedules: Preparing detailed expenditure schedules.

HMRC submissions: Preparing and submitting the online HMRC Additional Information Form; Compiling and submitting the R&D claim report, amended Corporation Tax Return and computations.

Advisor collaboration: Working with your existing tax/finance advisors where needed.

Communication with HMRC: Liaising with HMRC and responding to any enquiries on your behalf.

Your benefit may come as a cash payment from HMRC, a reduction in Corporation Tax, and/or an offset against other outstanding HMRC liabilities.

Our fee is based on the total of your benefit from HMRC.

Our invoice is raised once your claim has been submitted to HMRC, but payment is only due after HMRC has processed your claim.

All fees are subject to VAT at the prevailing rate.

All R&D tax credit claims are subject to a minimum fee of £5,000 + VAT. The minimum fee is designed to cover our time and resources in preparing any claim.

This means that claims that receive a benefit of up to £33,333 are subject to a minimum fee.

For example:

A claim with qualifying expenditure of ~£62,000 would receive just over £10,000 (16.2%) under the Merged Scheme.

With a benefit of £10,000, a claim submitted with Myriad’s services would have fees of £5,000 + VAT.

We are confident that all of our claims are robust, well-positioned and appropriately evidenced and we stand behind that claim.

Any claim submitted by Myriad that is subjected to a compliance check from HMRC will be defended by our R&D tax specialists. If HMRC raises questions or challenges, we liaise on your behalf, defend your claim, and work with you to address any issues.

Compliance checks are a relatively lengthy process, with in-depth project descriptions, proof of activity and costs and compelling arguments required. We cover these headaches for any claim we submit.

We have a successful track record with compliance checks, even winning a landmark case for the software sector at First-Tier Tax Tribunal.

Should HMRC eventually reject the claim following repeated communications and appeals, we will refund your fee, cover any potential penalties imposed by HMRC and pay you back for your time.

Our pricing structure can accommodate claims of different sizes.

For accounting periods beginning on or after 1 April 2024, companies can only claim through the Merged Scheme or the Enhanced R&D Intensive Support Scheme. Both of these schemes are subject to the tiered percentage fee structure in the same way, even if your benefit is received in different ways (see above).

The tiered model is designed to remain fair and scalable as your claim grows. That said, very small claims may result in higher effective rates due to the minimum fee of £5,000 + VAT.

Using the tiered percentage fee structure, you won’t know the exact figure until all of your R&D costs have been gathered and assessed for eligibility. However, we can provide an estimate earlier based on the financial information that you provide.

If you prefer, we can offer a fixed-fee quote upfront, following a discussion of your R&D tax activities, costs and the scope of work to prepare the claim.