Retail and Wholesale projects that may qualify for R&D tax relief include:

  • Implementation of new stock or enterprise software;
  • Use of analytics to improve ecommerce online;
  • Installing automated systems for materials handling;
  • Improving existing processes through new technology;
  • Introducing more durable or durable eco-friendly packaging;
  • New materials in products e.g. smart fabrics for the fashion/textile industry;
  • Optimising materials in products that are lighter, thinner, stronger, brighter or cheaper, or;
  • Use of devices, mobile or tablet technology to improve its operational efficiency.

Retail & Wholesale Case Studies

Wholesale & Retail case study

Wholesale & Retail case study

Agriculture case study

Agriculture case study

 

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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
Industry Sectors
 

Call us to claim R&D tax credits - 0800 195 7516