Research and development tax credits are a government incentive to encourage companies to invest in INNOVATION. Over recent year HMRC have tightened up on what qualifies for research and development tax credits.
Please ensure that your research is original work.
Your project may research or develop a new process, product, or service or improve on an existing one.
You must explain how your project:
- Looked for an advance in the field
- Had to overcome the scientific or technological uncertainty
- Tried to overcome the scientific or technological uncertainty
- Could not be easily worked out by a professional in the field
Much of the ‘research’ that businesses previously tried to claim is now being rejected.