What are R&D Tax Credits?
R&D Tax Credit Calculator
Do I Qualify?
How Can We Help?
R&D Tax Credit FAQ’sHow R&D Tax Relief Works
In order to qualify for R&D tax relief, the company must account for Corporation Tax, but the relief is eligible for loss making companies as well as those making profit.
Qualifying Costs include:
- Staff costs – gross pay, employer NIC, employer pension
- Externally provided workers
- Subcontractors
- Materials consumed
- Software
- Heating, lighting and water
- Payments to clinical trial volunteers
Examples of qualifying activities:
- Software development
- Automation
- Failed & successful projects
- Development of innovative recipes
- Development of innovative formulas
- Development of new materials
- Improved processes
- Development of new & improved products
- Development of environmental products