Posted by on 16 February 2011 | 3 Comments

The definition of R&D expenditure extends beyond the traditional areas of research. We can help you indentify any qualifying activities to ensure you don’t miss out. Most companies who try to remain competitive engage in some form of R&D. You may be surprised to learn of some of the expenditure which can attract a 175% tax deduction.

The biggest element of an R&D claim is usually staff costs which can include directors’ remuneration. Other expenditure typically includes costs for software, power, subcontracted R&D and consultancy. We can help you identify and evidence qualifying costs in order to bring a successful cash generative claim.

H M Revenue & Customs have specialist units which deal with R&D tax relief claims. We have developed a good working relationship with the R&D specialists within HMRC and have generally found that claims are handled quickly and efficiently enabling us to secure cash flow benefits for our client’s quickly.

Call us to find out more.