Science and technology projects that may qualify for R&D tax relief include:
  • improving food shelf life through processing techniques, storage temperature and packaging
  • developing new methodologies to maximise crop yields
  • improving drug formulations to reduce side effects, dosage or widen audience
  • reducing atmospheric pollution by modifying fuel mix
  • telemonitoring of patients to manage heart disease and strokes
  • improving efficiency of solar photovoltaic silicon-based cells
  • developing coatings that adhere to flexible plastics such as soft pvc

What projects can be included in an R&D Tax Credit claim for science and technology projects?

  • defining technical objectives;
  • identifying uncertainties;
  • feasibility studies;
  • reviewing new and competing technologies;
  • analysing, designing and developing the technology;
  • producing technical specification or other documents to explain and support the R&D project and advancement;
  • testing the product, process or software;
  • planning and managing projects
  • administration, finance, and personnel services specifically required to support R&D activities;
  • training to support R&D.

What R&D expenditure can be claimed for science and technology projects?

  • Staff Costs – Employee costs (salary, national insurance and employer pension) are apportioned for their time spent on the R&D project plus any reimbursed associated business expenses.
  • Software – Purchased for R&D purposes and costs apportioned for any subsequent use.
  • Subcontracted R&D – You can claim 65% of what you paid your R&D subcontractor.
  • Utilities & Consumables – Water, fuel, power and material used in the project.
  • Prototypes – Produced for R&D purposes
 

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