Research & Development (R&D) tax relief is the Government’s way of rewarding companies that are developing new products, processes, systems, and materials, or enhancing ones that already exist. It can be claimed by a variety of businesses looking to conduct research or achieve a breakthrough in their sector. It can even be claimed on unsuccessful projects.
To claim R&D tax credits, businesses must have incurred revenue expenditure in relation to qualifying R&D activity. Some of the categories of expenditure include staff costs, contractors and freelancers, consumable items, software and payments to the subject of clinical trials.
We can take care of every aspect of R&D tax relief claims for our clients, from looking into their businesses and identifying all qualifying activities all the way to submitting claims.