Hiscox and GovGrant - helping business stay one step ahead

Hiscox’s clients now have access to a full range of R&D tax relief and IP services, delivered by GovGrant, at preferential rates. 

Hiscox clients – one step ahead

GovGrant is offering special access for Hiscox clients:

• Free desk-based assessment of your current R&D and Patent Box claims. Yes or no indicator for increasing the value of your current claims. 
• Free filing for the initial term. Usually an annual cost of £250-£1000 over 4 years as standard. 
• Reduced contingent fee structure for both R&D and Patent Box claims to 20% of the benefit received from HMRC. This is reduced to 10% for year 1 provided the engagement is for a 4 year term (years 2,3,4 at 20%). 
• 20% discount on GovGrant’s core IP Services. Including IP Harvest and the IP Strength Test.

Contact us to find out more 

1 R&D tax relief

The R&D tax relief schemes, administered by HMRC, are designed to boost  innovation by offering businesses tax relief for their R&D activity. Typically SMEs get back up to 33% of the amount they’ve spent on qualifying R&D. Whether your business is big or small, complex or simple, single or multi-site, GovGrant matches you with the technical expert that best suits your business. We know what HMRC are looking for, so we can ensure your claim is accurate and complete – which gives you the best chance of having your claim approved. We have a 100% success record. 

2 Patent Box

The Patent Box is closely linked with R&D tax relief and a company can often claim tax relief under both schemes. Patent Box allows a reduction of corporation tax down to 10% for profits relating to patented income. GovGrant can offer you advice to maximise your claims across both schemes. Most patented inventions are just small technical improvements on existing products or processes. It may be that the patented element of the product or process is minor. But 100% of a company’s worldwide profits arising from product income should qualify for 10% corporation tax.

3 IP services

GovGrant’s range of IP services offer solid, direct advice on your Intellectual Property. The best place to start is with IP Harvest – a fixed-fee service that answers the question “Does my business have something worth patenting?” 

GovGrant is changing the conversation around IP so that with IP Harvest the focus is on value creation. Watch our video to find out more.

Call 01727 225 500

Government Grant & Tax Consultants Limited trading as GovGrant. Registered in England and Wales, Registration number 5852134