PGR Advisory were engaged by a global vehicle manufacturer in late 2019 which had been claiming an RDEC since its inception. Throughout this time they had engaged a variety of Providers ranging from global Accountancy Practices to R&D Consultancies.
Following a number of meetings with the Senior Management Team the Head of Group Tax (EMEA) embraced not only our in house specialists but also our proposal how we would structure work throughout the financial year.
A key differentiator was our team of Specialists engaging relevant Client engineering and manufacturing Divisions continuously during the year under review. Historically this had occurred in arrears and post Audit.
We engaged with 40+ managers across 3 UK sites throughout the year, with our technical team visiting each site in person. As the Client embraced our embedded approach this resulted in simultaneous reporting which allowed us to identify and document significantly more projects which in turn yielded an increase of RDEC of 239%.
The Directors of the Company were impressed by the considerable increase in buy in to the process from their staff which was noted as both seamless and smooth.
As the client has evolved their complex business structure we have continued to work with them and now complete our RDEC review within 2 weeks of year end. This allows them to meet their group international reporting requirements, something that was not previously possible.
