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Generally speaking, a project will qualify as R&D if it aims to advance the overall knowledge or capability in a field of science or technology where there is scientific or technological uncertainty. A qualifying project could create or significantly improve a process, material, device or product which increases knowledge or capability in a field of science or technology.
There is a common misconception that qualifying activities are limited to pure research by technicians in laboratories; this is not the case. Any kind of innovation may constitute qualifying activities. If the answer to any of the following questions is yes, then a claim may be possible:
All of the technical description aside – if your company qualifies to claim R & D tax relief any of the costs below can be claimed at 225% for tax relief:
For advice & to see if you are eligible please contact us now.
Stuart Hall & Co - making R&D Tax Credits simplified and taking the pain away from busy employers ...
Darren Race, Managing Director of Eleven Ltd