Research and development (R&D) in social work and social care doesn’t end with pharmaceutical labs or equipment manufacturers. Local GPs, hospitals, plus private social work and social care businesses are also developing healthcare innovations and benefiting from the government’s lucrative R&D tax credits scheme.
Despite R&D being rife in the sectors, many businesses are still underclaiming the R&D tax credits they’re entitled to. Some aren’t even claiming at all.
You could also be missing out on claiming back up to 33% of R&D costs to inject straight back into your business to spend however you see fit. If you’ve tried to fill a healthcare service gap by developing new or modifying existing products, services, or processes, there are likely claims to be had.
Regulatory changes can often drive research and R&D in social work and social care, where demands from regulatory bodies are understandably high. Quality assurance, functionality, durability, and high-performance standards often lead to innovation.
As long as your innovations tried to advance the scientific or technological knowledge within your field and underwent a process of trial and error, you could receive valuable tax credits.
Key questions on R&D tax relief answered
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
About Easy R&D’s R&D tax credit claim process
Claiming R&D tax relief is a niche.
Here at Easy R&D, we’ll probe your company’s activities to reveal the true extent of your company’s R&D.
Averaging £54,000 per claim, we’re a business built around expert tax professionals, skilled technical report writers, and flawless processes to ensure your R&D claims are successful — with maximum return. You could even reduce your corporation tax bill to zero.
HMRC’s criteria for claiming is purposefully broad, so what qualifies may surprise you.
Interested in claiming R&D tax credits?