Engineering

What activities can be included in a R&D project?

• 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, service or software
• Planning and managing projects
• Administration, finance and personnel services specifically required to support R&D activities
• Training to support R&D

What expenditure can be claimed for in a R&D project?

• 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