Tax Cloud Pricing
No set-up fees, no long-term contracts, just transparent pricing.
5% Fee
Tax savings up to £200k
(min. fee £2,750 + VAT)
2.5% Fee
Tax savings above £200k
What's included in the Tax Cloud service?
Expert Advice
- Each claim is supported by a technical and financial consultant
- Tax Cloud are members of HMRC’s R&D Consultative Committee
- Support from specialists in claims for small and large companies
Results
- 99.8% success rate in last 5 years
- Our invoice is raised once your claim has been submitted to HMRC, with 45 days allowed for payment
- No hidden or upfront fees
- Comprehensive support if your claim is queried by HMRC at no extra cost
Special Features
- No long-term contract tie-ins
- No face-to-face meetings
- Autogenerated, compliant claim report
- We follow up with HMRC on your behalf
- One portal for all your claim information
- Unlimited technical, financial and admin user permissions for the whole team
- Full financial integration with Xero
- Timesheet module to easily apportion staff time
- Captures all information needed for the Additional Information Form
Software + Expert Advice = Compliance
Start with our software…
- 24/7 online access
- Built-in help & video tutorials
- Unlimited users with different permission levels
- Simple and intuitive experience
- Full Xero integration
- HMRC-compliant timesheet module
Add our expert advice...
- Unlimited support from experienced report writers and tax experts
- Direct access to specialists via telephone, email and live chat
- Experts review, advise and approve all uploaded content
- Supported by a team with experience spanning over 20 years
Make your R&D tax claim
- Compliant R&D claim reports with all required information
- Corporation Tax return submitted by the Tax Cloud team
- Confidence that only qualifying projects, activities and costs are claimed
- Compliance check support with no additional fee
Pricing FAQs
How does Tax Cloud's pricing work?
Your Tax Cloud fee is a tiered percentage based on your R&D tax benefit.
The fee is 5% for a tax benefit of up to £200,000. Any additional benefit is charged at a rate of 2.5%.
For example, for £300,000 of tax benefit, the fee would be £12,500 + VAT:
- £200,000 x 5% = £10,000
- 100,000 x 2.5% = £2,500
All claims are subject to a minimum fee of £2,750 + VAT.
What does 'tax benefit’ mean?
Your R&D tax credit 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.
What is the minimum fee, and when does it apply?
Claims receiving a tax benefit of up to £55,000 are subject to a fee of £2,750 + VAT.
What are Tax Cloud's payment terms?
All our fees are subject to VAT at the prevailing rate.
The invoice is due for payment within 45 days from the invoice date.
Our 45-day payment terms take HMRC’s expected timelines into account.
HMRC works to process applications for R&D tax credits within 40 working days. However, the processing time required for HMRC to review and consider an R&D tax credit claim depends mainly on the nature of the claim and the complexity of a company’s structure and accounting.
What's included in the Tax Cloud service?
At Tax Cloud, we support your R&D tax credit claim and ensure that it is compliant with HMRC’s legislation and guidelines for a qualifying claim.
We achieve this by reviewing the work you submit through the Tax Cloud portal and leaving comments and edits on the portal. We will only approve work that we believe satisfies HMRC’s criteria for qualification.
Tax Cloud’s specialists are also available via phone, email or our live chat for advice or additional support.
Should HMRC open a compliance check or raise any enquiries into the submitted claim, Tax Cloud’s specialists respond to HMRC on your behalf for which no additional fee will be charged.
Can I cancel during the claim process?
Tax Cloud has multiple stages for you to submit your work for review. If your projects are approved (the first stage) by our R&D tax specialists, you are committed to complete that claim.
However, if we determine there is no qualifying projects or costs for your claim at any stage, we will cancel the claim on your behalf and you will not be charged any fees.
How do I sign up?
To sign up, simply go to our sign-up page and enter your company information. This will be checked against HMRC’s Company House data. Our team will reach out to confirm your eligibility for R&D tax credits and finalise your registration.
