Explainer Video for Tax Refund Product

I need a 2-3 minute explainer video designed and implemented for a tax refund product. The script is written and I will be able to do the voice over.

The product is a fairly complicated tax refund proposition and will require some imaginative graphics to put across and explain the concept. I am pretty good with ideas but I will need someone who will be able to come up with visual ideas to put across the concept. This should be factored in to the proposal.

I have included the script below.

1 - Most business owners will be aware of GDPR. It is a set of regulations which impose certain rules on how data is held and protected. If you trade in the UK GDPR will affect, and does affect, how you do business.

2 - What most business owners will not appreciate, is that GDPR is a threat to their business, in terms of fines that can be levied for non-compliance. Already we've see businesses like Ticketmaster being fined £1.25 million by the ICO and even smaller businesses, such as Doorstep Pharmacies being fined £300,000 for GDPR Non-Compliance.

3 - They were both fined because they had in place: “Insufficient technical and organisational measures to ensure information security”.

4 - Do you know what that means? Would you know enough to be able to put such measures in place? If you don't you are not alone.

5 - There are multiple ways to breach GDPR and already industry sources tell us that solicitors will begin to recruit members of the public for personal GDPR claims against businesses in early 2021.

6 - Although none of this sounds like good news there is a way that you can protect yourself and add genuine value to your business with a GDPR Tax Refund. Let's look at how that works.

7 - No doubt you'll remember the PPI mis-selling scandal. Banks paid out millions in compensation. In accounting terms, once banks knew the rough extent of their liability, they started to plan for having to pay compensation. Each year they would estimate their liability, and make a provision in their accounts for it.

8 - The last bank to do this were Lloyds in late 2019. They made a provision for £1.8 billion for the last compensation payments they thought they would have to make. This reduced their pre-tax profits by 97%. Why? Because a provision in your accounts reduces your taxable profit. A provision is a cost or an expense like any other, it's just that is hasn't been physically spent yet.

9 - So why is this relevant to GDPR, and why is it relevant to you? Well, since GDPR came into law in 2018 your business has been at risk of a fine or claim, whether you know it or not. If you had known this you might have made a provision in your accounts to reflect that risk. This would have put aside an amount if the worst happened, and also reduced your profits, meaning you would have paid less tax.

10 - But what if I told you that you could still make a provision for GDPR risk and by doing that you could qualify for a tax refund? Would you be interested? What if I told you that, even if you have done an R&D Tax Credit Claim since May 2018 you could still benefit, by enhancing that R&D claim by between 130 and 230%?

11 - If you're a Limited Company and you've generated over £250,000 in profit before tax or an R&D claim you qualify.

12 - If you're a Sole Trader, Partner ship or LLP and you have generated over £125,000 in profit before tax you qualify.

13 - The process takes up to 12 weeks and involves professionally qualified an deregulated Solicitors and Accounts. You only pay on success and the service includes a GDPR compliance system to make sure you do as much as you can to limit the risk of a GDPR claim.

14 - To find out more, and arrange a no-obligation online consultation, contact us at www.businesstaxrefundcentre.co.uk.