Retail & Wholesale

Retail and Wholesale projects that may qualify for R&D tax relief include:

  • Implementation of new stock management systems;
  • Use of analytics to improve ecommerce online;
  • Improving existing processes by introducing new technology or modifying existing technology;
  • Introducing more durable packing or eco-friendly packaging;
  • Installing automated systems for materials handling;
  • New materials in products e.g. smart fabrics for the fashion/textile industry;
  • Enhancing materials in products that are cheaper, stronger, thinner, lighter, or;
  • Use of devices that improve operational efficiency.

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

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