Are your activities eligible for R&D tax relief?
In many cases we’ve worked on, a business owner doesn’t believe that the R&D qualifying expenditure is eligible for R&D tax relief. This couldn’t be further from the truth. Think back over the past 2 years and ask yourself, have I…
- Looked for a more efficient or more effective solution.
- Made improvements to an existing product or created a new product.
- Investigated new methods or processes.
- Trialled new computer code or materials.
- Solved problems or overcame issues for customers.
If the answer is yes, chances are you’re probably eligible for R&D tax relief.
Example of R&D qualifying expenditure
It’s impossible for us to list all R&D qualifying expenditure activities that may be eligible for R&D tax relief, but to give you a flavour of the wide range of activities we’ve got some examples:
- Bespoking software, overhauling IT or developing websites or CRM systems.
- Scientific or technological planning, design, testing, and analysis.
- Adaption of new or existing premises.
- Information services e.g. preparation of R&D reports.
- Pure & applied research.
- Pursuit of quality management standards.
- Ancillary services e.g. salary & recruitment cost, leasing laboratories and equipment.
- Salary and recruitment costs of personnel involved in qualifying activity.
- Failed attempts to improve products or processes.
- Adaption of a product to enter new markets, particularly overseas.
Activity in these areas can generate lucrative R&D tax reliefs for your business.
Don’t miss out…