Science and Technology

Science and technology projects that may qualify for R&D tax relief include:

• Use of science & technology to better a process and improve efficiencies;
• Development of new techniques to enhance processes;
• Development of new techniques to reduce wastage, or;
• Use of technology to improve storage facilities, efficiencies of a site, packaging, product deliverance.

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, or;
• 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, or;
• Prototypes – Produced for R&D purposes.

Get in touch today to see how we can help you with your R&D tax claim.