UK Business R&D Tax Credit Eligibility

Swanson Reed provides review and advice to determine if specific eligibility requirements are met.

The Research and Development (R&D) Tax Relief Scheme is available to all UK companies, small-to-medium sized enterprises, and start-ups who are willing to take risks investing in new processes, products, or services.

R&D Tax Relief Eligibility Requirements

Qualifying projects in any scientific or technological field such as software, medicine, science, manufacturing, engineering, gaming, and even architecture may be eligible for R&D tax relief. Costs, such as employee and subcontractor costs, materials, software, and capital expenditure may also be eligible for relief.

Projects must be scientific or technological projects that are both related to the business’ trade and advances society’s overall knowledge and capability. It cannot be something that simply improves existing products – it must resolve a high level of scientific or technological uncertainty.

These must be genuine uncertainties that are not solvable through normal discussion, such as questions about whether it is scientifically or technology feasible, or how to execute a concept in the real world.

Contact Swanson Reed with Eligibility Concerns

If you need more information or have any questions regarding your company’s eligibility for the R&D tax relief scheme, please complete our Contact Form and one of our experts will be happy to answer your queries.