The R&D Tax Relief incentive is designed to encourage innovation and increase spending on Research & Development activities for companies operating in the UK. It’s one of the government’s top incentives for encouraging investment in R&D and allows up to 33.35% of a company’s R&D spend to be recovered as a cash repayment.
Staff costs
Software costs
Consumeables
Sub-contractors
Most manufacturing companies in the UK should be eligible for some type of R&D tax credits. To be eligible, you must:
Be a limited company in the UK, subject to corporation tax
Have carried out research and development into new products or processes
Have spent money on these projects
If you aren’t sure if your project qualifies, you should contact us to find out.
Our expert team of tax consultants are on hand to identify if your project is eligible, what scheme you should claim under and how much you can expect to receive.
We have found projects in the areas below to have many R&D projects but are not limited too:
Food, beverage and tobacco products
Textiles and textile products
Wood products
Pulp, paper and paper products
Publishing and printing
Petroleum products and nuclear fuel
Chemicals, chemical products and man-made fibres
Rubber and plastic products
Other non-metallic mineral products
Basic metals and fabricated metal products
Other machinery and equipment
Electrical and optical equipment
Transport equipment
