When you submit your R&D tax relief claim, you need to show that your project falls within HMRC’s definition of R&D. This applies to applications to both the R&D Tax Credit scheme and the RDEC scheme. It can be a bit daunting to decipher what this means, so we’ve broken it down into a few [...]

This example is taken from the Department for Business, Innovation and Skills Department’s ‘Guidelines on the Meaning of Research and Development for Tax Purposes’. We’ve broken it down into a bit more detail and used everyday English throughout. It is based on a fictional company’s project but all the R&D tax relief references are completely [...]

Are you one of the 90% of businesses owners that are not claiming the R&D tax relief you are entitled to? Perhaps you’ve heard talk about identifying your ‘scientific or technological uncertainty’ or finding your ‘qualifying costs’. And the unfamiliar terms have just put you off from the start. This is totally understandable. None of [...]