Corporation tax relief can be obtained for business expenditure that is classified as Research and Development. The scope of this relief is often wider than many people believe, and it is the case that often significant claims are missed because of the perception of the industry in which a client operates, and/or the nature of the expenditure being incurred.
For example, the relief does not only apply to “high-tech” industries or to expenditure incurred/supplied by operators in such industries. Often relief is available for expenditure incurred in finding (sometimes simple) solutions to otherwise inefficient logistical or mechanical processes.
Lots of companies in a variety of different sectors are constantly striving to take their products and production methods above and beyond existing technology. This means they are doing R&D, sometimes without realising it and it could be eligible for R&D tax relief.
We have experience in identifying qualifying R&D projects. The key aspect in defining R&D is whether there is an appreciable element of innovation which results in an advance in science or technology and our specialists can explain to you what the rules are to decide if you have a claim.
We would liaise with you regarding your R & D projects and prepare a detailed report that we would submit to HM Revenue & Customs to support any claim.
