Research and developement tax relief

Research and development 

Proper accounting for R&D projects

You might not realise it, but if your company is undertaking research, you might be able to claim tax relief on your project’s qualifying costs. It’s an impeccable way of making strides within your industry, giving your business the edge over your competitors, while keeping costs right down.

Unfortunately, HMRC hasn’t exactly made claiming research and development (R&D) tax relief the easiest thing in the world to do. Fortunately, Pearson May is here to help. We’ll help you work out if you’re eligible to claim in the first place, as your project needs to fulfill certain criteria.

For starters, you need to make a unique technological or scientific advance in your industry, but you can improve your chances of HMRC accepting your project if you conduct trials or provide supporting evidence in your applications.

By evaluating your project with tax relief in mind, we’ll ensure you can claim. After that, we’ll help with all the paperwork to make sure you claim as much as you’re entitled to, whether you’re a small, medium or large company. There’s a lot to claim for, including wages, consumables, software and subcontracted R&D.

Don’t miss out on an opportunity for proper accounting for your R&D project.