Research and Development (R&D) is very much an essential part of any organisations marketing with the development of new services, product ranges and manufacturing processes to help maintain that all important competitive edge.
It’s a fact that many businesses undertake regular R&D without necessarily realising that they could claim many of the associated costs back - greatly reducing their corporation tax liability.
If you are a UK Limited Company, there are many costs, associated with R & D projects, that are Claimable - such as staff costs and wages; a portion of subcontractor costs; materials and wastage and any travel and associated costs. These are but a few possibilities!
Even if the project has failed - you can still claim R&D costs back!
Whilst every client and project differs greatly, the size of the refunds / rebates, offset against Capital Gains Tax, can often be substantial.
If you are of two minds as to whether a project is viable, then let us decide; you only pay a fee if your R&D claim is successful!
