- R&D Tax Credits: What Are They?
- What qualifies as R&D?
- What expenses may my company claim?
- How far in the past can my company claim costs?
- What costs am I not eligible to claim?
- Which companies are eligible?
- Which initiatives qualify as R&D?
- Do distinct kinds of R&D exist?
- How much should I anticipate receiving?
- How will I get my claim paid?
- How much time does the entire process take?
What Qualifies as R&D?
Your project must “aim to achieve an advance in science and technology” in order to qualify as research and development under the UK government’s definition of the term for tax purposes. Research and development (R&D) refers to those actions that directly assist in reaching such achievement by resolving scientific or technological ambiguity.
We deliver best quality
We are experts in R&D tax relief claims at PHG Finance. So, just as you are mindful of your own business, we are also. In addition, we are enthusiastic about what we do. We are aware that innovation is the engine of the future.