Many businesses don’t realise that they are undertaking eligible qualifying activities. Regardless of if you are claiming under the SME or RDEC regime, the key requirement to be able to claim R&D tax credits is the ability to demonstrate that your R&D work is looking to advance knowledge by resolving technological or scientific uncertainties.  Such uncertainties or advancements must be such that a competent professional in the field can’t readily produce a solution. In addition, the advancements made must be of a nature that may benefit the industry as a whole, not simply your business.

If your technical lead (the R&D manager, lead engineer, or lead developer) is struggling to overcome the technical challenges of your project – if they are scratching their head wondering how to proceed, or losing sleep worrying about the technical uncertainties they face – your project will almost certainly qualify for R&D Tax Credits!

R&D tax relief does not mean tax breaks for the large pharmaceutical companies only.  It can equally apply to any company in any sector, so long as a few key conditions are met.

  • There must be a project
  • The project must be looking to advance, either in scientific or technological areas
  • The solution must not be readily deducible by a competent professional.

Need some advice?

To speak to an adviser about R&D Tax Relief, please call Rachel Finch, Director, on 01275 867350. Alternatively, you can send a message to the team now.