It’s not all about ‘people wearing white coats in labs’ …
R&D tax relief can only be claimed by companies that have incurred expenditure on qualifying R&D projects that are relevant to the company’s trade.
A project should address an area of scientific or technological uncertainty and be innovative.
Further, the innovation needs to be an improvement in the overall knowledge in the relevant field of research, not just an advancement for the company.
To give you a flavour for some of the projects we have been involved in and to get you thinking about the projects, developments and advancements you may have undertaken that could qualify for R&D Tax Credits, we have provided some headline examples below.
There is obviously more detail behind the headlines but what these examples will give you is a good indicator of the range of works, projects and improvements that have qualified for R&D Tax Credit funding.
The next step is to look at your specific projects and to provide you with an indication on whether or not you have a qualifying project. This usually takes around 15mins on call/virtual meeting.
Click on the links below to find out more about how uncertainties have been overcome and new ways of doing things created by companies who we have helped to make successful R&D Tax Credits claims.
- Construction sector including architects and consultants
- Engineering & Manufacturing sector examples
- Food & Drink sector examples
- Other – software development projects in the professional services, education, finance, healthcare, retail and transport/logistics sectors.
There are further more detailed examples here R&D Tax Credits client projects
If you would like more information about the tax relief that could be hidden in your company get in touch with Iain Robertson to arrange a consultation >Contact us