In order to be able to claim for R&D tax credits you must be a limited company in the UK that is subject to corporation tax, have carried out and spent money on research and development activities.
There are a variety of qualifying costs which can be incorporated in your R&D tax credit claim including:
- Staff costs – salaries, employer’s national insurance, employer’s pension contributions and reimbursed expenses.
- Sub-contractors – any freelancers you have hired to work on the project.
- Materials and consumables – anything relating directly to the project such as heat, power and light.
- Software – certain types of software which are necessary to the R&D process.