Who is eligible?
In order to claim R&D tax relief you must be a limited company and the projects must meet the HMRC guidelines. In order for a project to qualify for R&D tax relief it must be seeking a technological advance via the resolution of technological uncertainty. In simple terms, any project which requires a "trial and error" approach to solve the problems they faced whilst creating new products and software.
Examples of companies already claiming R&D Tax Relief:
- Software firms writing bespoke systems
- Manufacturing firms designing new products
- Paint manufacturers looking into new ways of producing paint
- Companies making goods using new materials