You qualify for R&D tax credits when your company takes a risk by attempting to ‘resolve scientific or technological uncertainty’.
Staff costs are considered as a qualifying expenditure for R&D tax credits. Both directors and employees who are directly engaged in the relevant R&D projects will be classed as ‘qualifying’, but you will need to proportion how much of that employee’s time is spent on the actual project.
From April 2023, HMRC are applying a range of changes to the current R&D rules, and now is the time to prepare for them. Here are the three key changes and how they might impact your claims. Cloud and Computing Costs Firstly, they want to modernise the rules to include cloud and computing costs (finally, … Continued
In the 2018/19 tax year SMEs and large companies have, to date, filed 3,340 claims. That is only around 1% of the companies registered in construction fields.