Can I claim Research & Development (R&D) Tax credits?
Despite being on the statute books for over a decade, there are still companies not claiming the hugely valuable research and development (R&D) tax relief.
Research & Development is not restricted to people in white coats holding test tubes, or IT pioneers, but covers companies in virtually every industry which are undertaking some form of innovation; this will include innovation in products and services, as well as support functions.
Industries in which Research & Development claims have been made include digital media, engineering, aerospace, furniture manufacture, construction, advertising, telecoms, financial services, as well as the more obvious manufacturing, energy, and purer sciences industries.
Software, internet and communications are good examples of Research & Development in supporting functions as well as in their own right.