Research and development tax credits can be claimed for a wide range of expenses relating to investments in eligible R&D projects.
Below is a list of expenses that can be taken into account when calculating how much you could claim back from HMRC for research and development:
- Employee Salaries/wages
- Employer pension contributions
- Employer National Insurance Contributions
- Reimbursed staff travel expenses
- Freelancer & agency staff costs
- Certain sub-contractor costs
Materials & Resources
- Construction materials
There are other costs which can potentially be taken into account when assessing your R&D-related expenditure, but given the complexity of factors which determine whether or not they can get counted, they have not been included in this list.
Each R&D claim is reviewed on a case-by-case basis and our Chartered Tax Advisers will work with you to produce a detailed report, including reconciliation of all your R&D-related expenses and presenting your case for claiming a specific amount of tax credits.
Get started on your R&D claim by contacting us for a free consultation