• Employee costs – staff who are directly engaged in carrying out R&D.
• Staff providers – paying a staff provider (agency) for staff directly engaged in R&D activities.
• Materials – consumable or transformable materials used in carrying out R&D.
• Payments to clinical trials volunteers.
• Cost of utilities, power, water and fuels
• Computer software, and
• Subcontracted R&D expenditures

Planning note:

The claims process is a fairly complex and drawn out process that involves qualifying the business, the R&D project and the relevant costs. This is done as part of the companies corporation tax return, and in certain circumstances, advance clearance can be obtained prior to making a formal claim.

Firms who believe they may have a qualifying project should seek advice, and of course we can help.