Research and Development (R&D) is very much an essential part of any organisations marketing with the development of new services and product ranges 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 Associated travel costs.
These are just a few examples of claimable R&D costs.
Even if the project has failed - you can still claim R&D costs back!
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!