Technology companies that spend money developing new products, processes or services; or enhancing existing ones, are eligible for R&D tax relief. If you’re spending money on your innovation, you can make an R&D tax credit claim to receive either a cash payment and/or Corporation Tax reduction.
Projects in which the company are working to achieve Technological advancement in their industry. The company will have developed or modified a product, process or service, that is more beneficial than anything similar on the market.
Direct staff costs of people directly involved in the R&D activity
Software and consumable items
Qualifying expenditure on externally provided workers
Subcontractors expenditure
Water, fuel and power
Salaries, bonuses
Employers NIC
Employer pension contributions
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