How 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
Live chat
Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.