Considering that R&D tax relief can deliver a repayment of 24.7% of qualifying costs for small and medium-sized companies, it’s certainly worth exploring. A claim must be made within two years of the expenditure being incurred, depending on the date of your company’s accounting year end. Costs that might qualify include:

• Staffing costs and agency workers – for time spent directly and indirectly on R&D
• Consumable items – including power and water costs, software used for R&D
• Certain payments to sub-contractors
• Prototype costs

Our R&D tax specialists have an excellent track record in making successful R&D tax relief and have delivered significant tax savings for our clients. Thanks to our wealth of experience we can make the process as quick and efficient as possible. By seeking to deeply understand your business, we can identify projects with a potential claim that others will miss.