We hadn't heard of R&D Tax Credits until we were invited to a meeting with a client to discuss their R&D with Vantage. After the meeting, we discussed whether we had qualifying activity and arranged a meeting of our own. It turned out we had a lot of qualifying activity and Vantage were able to translate that into cash through the R&D Tax Credits scheme.Kevin Stephenson MD Rev2Race
About Rev2Race
Rev2Race is a world class motorcycle specialist that builds motorbikes and race engines for race teams. Customers always expect the very best and Rev2Race is willing to go above and beyond, but the development work comes at a cost, that customers are generally not keen to pay for.
Motorsport Innovation
"We hadn't heard of R&D Tax Credits until we were invited to a meeting with a motorsport client to discuss their R&D with Vantage. After the meeting, we asked whether we had qualifying activity and arranged a meeting of our own. It turned out we had a lot of qualifying activity and Vantage were able to translate that into cash through the R&D Tax Credits scheme" says Kevin Stephenson, Managing Director of Rev2Race.
Why Vantage?
"It's easy...John has excellent insight and was able to ask us all the right questions. We provided our financial data and spoke to John for a couple of hours. The result was £15K straight into our account, for the first two claims. That's the best hourly rate I've ever had! Working with John is so easy and it saves me a fortune."
The reward
"R&D Tax Credits have helped us financially. We re-investing the money into the next year's development, which helps the company to grow. They've also changed the way we work. We're more positive about trying new things and giving things a go, because we know that realistically, it won't cost us anything."
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"R&D tax credits have massively helped my business to move forward. Due to the confidence I have in Vantage R&D, I can plan the R&D credits as part of my cashflow forecasting.."
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"Vantage were recommended to us by another team in the Superbike paddock that we've worked with on chassis development. There was an instant synergy with the consultant, John."
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"We knew about the scheme in general terms but never considered a motorsport business might be eligible, despite our significant budget for development work.."
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"I had never heard of R&D Tax credits before, but we contacted Vantage after they were highly recommended to us. We weren't disappointed. Not with the process, the service or the results."
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"As a motorcycle race team, the business is primarily involved in road racing, but we're always working on new ways to make our bikes faster and ultimately, for the team to improve."
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"Research and development is at the heart of the business and R&D tax credits have provided valuable funding worth over £150,000 in the past two years."
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"R&D Tax Credits proved to be a big benefit to our business and really helped the team with finances to move forward and stay at the top of our game."
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"We've actually been developing since the early '80s, but we had no idea we'd been able to claim some of this spend back until we got talking to the people at Vantage. "
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“We’ve already managed to claim just over £20,000 in tax credits from HMRC in two years."
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"Working with John and the team at Vantage has been a fantastic stress-free process, which allows us to continue pushing our engineering boundaries."
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Vantage made it very straightforward for us, even going through hundreds of invoices manually to make sure every cost was correctly allocated. Nothing was too much trouble, and the levels of diligence
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