Insight
R&D Tax Relief allows businesses to recover up to 33% of costs incurred whilst undertaking innovative activities such as advances made on new or existing products, processes and software. Areas of qualifying expenditure are clearly defined within the legislation, although dependant upon whether the claim is made under the SME or RDEC scheme.
  • R&D Qualifying Expenditure

Can I obtain tax relief on capitalised R&D expenditure?

Clients often ask about machinery purchased for use in R&D qualifying projects and whether the costs can be recovered through the R&D tax credit scheme. Unfort...

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  • R&D Qualifying Expenditure

The impact of ‘Connected Party’ relationships for R&D Tax Relief

When claiming R&D qualifying expenditure in respect of subcontractors and externally provided workers (EPW’s), special rules apply where there is a connection betw...

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  • R&D Qualifying Expenditure

What’s the difference between Subcontractors & EPWs for R&D Relief?

We often come across situations where there is R&D being performed by persons other than those employed by the claimant company conducting qualifying activity. ...

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  • R&D Qualifying Expenditure

What Reimbursed Expenses qualify for R&D Tax Relief?

Did you know that HMRC recently relaxed the rules regarding the recovery of expenses incurred by staff in the course of undertaking compliant activity? Pre-existing...

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  • R&D Qualifying Expenditure

What type of ‘consumable items’ qualify for R&D Tax Relief?

General The term ‘consumable items’ covers items consumed or transformed whilst undertaking compliant R&D activity, including raw materials, software licenses and...

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