Research and Development

Research and Development (R&D) is not something confined to science laboratories and ‘people in white coats’. By its very nature, R&D is resourceful and, from an accountancy perspective, we regularly see innovative concepts and advancements that qualify for R&D tax relief.

R&D for tax purposes has the facility to span many sectors, from architecture and agriculture to software and engineering:

‘R&D takes place where a project seeks to resolve scientific or technological uncertainty.’

If you are considering some of your own projects for R&D Corporation Tax relief, you might be surprised by the qualifying criteria – it is not just about the end result.

R&D does require that you originate a new methodology, but the solution itself can already exist OR the process may already have been accomplished, but with a classified status, requiring you to create your own innovative approach.

Filling a knowledge gap, previously untouched by science and technology, as opposed to developing your own expertise could be the means by which you qualify for R&D tax relief.

How We Add Value

  • Our experts spend time getting to know your enterprise, discussing your overall R&D strategy and how this could be included as qualifying expenditure
  • Early, straightforward advice helps identify the feasibility of any claim and ensures an efficient use of your time
  • Preparation of technical reports provides HMRC with the necessary procedural details of your project – leading to an expedient assessment
  • Overseeing the submission of the approved claim and dealing with subsequent correspondence enables you to focus on your day-to-day operations
  • Successful claims result in a positive impact on the cash position of your organisation.

Resources to Help You

Research and Development tax reliefs further the contribution organisations make towards technological advancements – it is one of the most attractive incentives in the world.

To help you understand a bit more about the scheme and how it could benefit you, including an explanation of the two strands it is broken down into – Small and Medium Enterprises (SMEs) and Large Companies, take a look at our resources below.