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.

Contact us today to see how we can help you with your R&D tax claim.