Expertise
- Fundraising
- R&D Tax Credits
- Accountant
- Corporation Tax Returns
- GDPR Audits
- GDPR
- R&D Claims
- R&D Tax Relief
- Tax Consultants
- GDPR compliant
- CorporationTax rebates
- GDPR Claims Mitigation
- GDPR breach
- Company Finance
- Data privacy
- Enhanced R&D
Summary
CTR identify the risks connected with data every company holds, and can protect that company from data claims and reclaim upto 70% of the corporation tax paid in the last two years.
Our business was set up on the back of businesses not complying with the 2018 GDPR regulation, and the financial risks arising from that. Using specifically, FRS102 the process re-assesses the profits declared for a business, then using standard accounting practices (IAS37) a provision may be set into the accounts which by reducing the profits enables a corporation tax rebate to be made. Accounting provisions may go back 2 years.
The qualifying criteria is that a business has paid Corporation Tax of £20k plus, over that last 2 years and does not have crown debts exceeding this figure. The business must also have collected, holds and uses significant amounts of data.