R&D Tax Relief: Qualifying R&D Costs

I want to make a claim for a Research and Development tax credit; how do I determine exactly what is classed as qualifying R&D costs?

Many companies will be aware that they may be able to claim a research and development tax credit, yet fail to research the situation further.

One of the barriers stopping people from claiming is a lack of understanding over what costs qualify for the additional relief. We have created an easy to follow guide to qualifying R&D costs which is available here to download.

Identifying the correct level of qualifying costs is crucial to the whole process as the tax saving is based on the qualifying expenditure – as a broad rule of thumb, a successful company can claim relief of almost £25 per every £100 of qualifying expenditure.

How do find out what ‘qualifying expenditure’ is?

Perhaps your company has invested in a project which, having read a little about R&D, you suspect might qualify for relief. You may have;

staff working on technological challenges
been involved in a number of prototypes for your project
rented premises to carry out this work
invested in capital equipment to enable the process
been involved in costly testing of the prototype, or
used a consultant to assist with the software element

But how do you find out more and how exactly do you go about making a claim? Our simple guide to help you consider the types of expenses that would qualify and those that would not.

Written by professionals with many years' experience and a proven track record of sucessful Research and Development tax credit claims, this easy to digest guide is a must for businesses who are unsure whether their expenses would qualify for this valuable relief.

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