Professional & Consultancy

Professional and Consultancy that may qualify for R&D tax relief include:

• Cost engineering for projects;
• Use of CRM systems to improve efficiencies within the business;
• Data analytics to enhance processes;
• Increasing efficiencies for safety and compliance to adhere to new regulations;
• Solving issues throughout project delivery and implementation, or;
• Improving processes surrounding new compliance regulations.

What activities can be included in a R&D project?

• Overcoming challenges and uncertainties;
• Designing and making products;
• Suggesting a more cost effective process;
• Suggesting a more time efficient process;
• Time spent researching and development of current projects;
• Seeking to improve processes, services, materials or devices;
• Production of prototypes or performance testing;
• Development of software or IT solutions;
• Investment in failed projects or developed products that are never launched/used;
• Efficiency of product, process or service;
• Employing any staff of a highly skilled background or with technical or scientific background;

What expenditure can be claimed for in a R&D project?

• Staff Costs – Employee costs (salary, national insurance and employer pension) are apportioned for their time spent on the R&D project plus any reimbursed associated business expenses.
• Software – Purchased for R&D purposes and costs apportioned for any subsequent use.
• Subcontracted R&D – You can claim 65% of what you paid your R&D subcontractor.
• Utilities & Consumables – Water, fuel, power and material used in the project.
• Prototypes – Produced for R&D purposes

If you need some help regarding making a R&D tax credit claim or are looking for some advice, get in touch with us today.