Research and development (R & D) claim
More of our clients are making these claims which can be very valuable. For small and medium enterprises, valid claims can result in an additional deduction from profits of 130% of the expenditure. If this results in a loss, instead of carrying forward the loss the credits can be repaid at rate of 14.5%.
What qualifies?
- New Product development
- New Process development
- New Service development
- Changes or modifications to an existing product
- Changes or modifications to an existing service
- Changes or modifications to an existing process
- Internal projects
- Successful projects
- Unsuccessful projects
However market research does not qualify!
Contact us if you wish to consider this further.