Can I claim R&D tax credits for a copy of an existing product?
You qualify for R&D tax credits when your company takes a risk by attempting to ‘resolve scientific or technological uncertainty’.
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.
Calendar entries, meeting notes, emails and WhatsApps are all useful examples of evidence that can be used to make a case.
“Landmark” court defeat for HMRC means good things for the R&D industry.
They say that you can’t have your cake and eat it, and with Bounce back loans (BBL)/CBILS and R&D that does seem to be the case.