R&D Tax Credit

If your company is involved in Research and Development (R&D), it may be eligible for tax relief.

R&D Tax Credit

Companies involved in researching or developing an advance in their field – successful or not – can claim tax relief.

In short, if you’ve performed R&D you may be entitled to some money back.

But what
is R&D?

What expenses qualify for Research & Development tax relief?

The Government’s own guidance points out that this important tax relief is not just for ‘white coat’ scientific research,  as you might expect, but also for ‘brown coat’ development work in design and engineering involving overcoming difficult technological problems.

You might be surprised to know that qualifying work can include creating new processes, products or services, making appreciable improvements to existing ones, and even using science and technology to duplicate existing processes, products and services in a new way.

Some examples of qualifying activities include software development, engineering design, new construction techniques, bio-energy, cleantech, agrifood and health and life sciences.

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