R&D Tax Credits
Unlock valuable tax relief for your business by claiming Research & Development (R&D) tax credits on qualifying projects.
Is Your Business Eligible for R&D Tax Relief?
If your company is investing in innovation, developing new products, services, or processes, or improving existing ones to achieve scientific or technological advancements, you could qualify for significant tax savings.
At BB Accountancy, we work with you to identify eligible R&D expenses and maximize your tax relief—ensuring you claim every benefit you’re entitled to.
R&D Tax Relief Requirements
To qualify for R&D tax credits, your project must meet the following criteria:
✔ A clear project objective—focused on solving a technical challenge
✔ An intention to advance science or technology within your industry
✔ Relevance to your company’s trade—either an existing business or one you plan to launch based on R&D results
✔ Genuine uncertainty—the solution must not be easily achievable by professionals in the field
✔ Originality—even if another company has developed a similar solution, your work qualifies if it’s not publicly available
Examples include:
🚗 Electric and driverless car technology—multiple companies develop solutions, but each can claim R&D relief if their work is unique
🛠️ Developing a new manufacturing process—improving efficiency through innovation
💻 Software development—creating new algorithms or technologies
What Costs Qualify for R&D Tax Relief?
Eligible R&D expenses include:
✔ Staff salaries for employees involved in the project
✔ Software costs essential to the R&D work
✔ Consumables (materials and utilities used during development)
✔ Subcontracted R&D costs—up to 65% of expenses
✔ Externally provided workers (subject to restrictions)
Get in touch
Let BB Accountancy make Corporation Tax simple, so you can focus more on growing your business. Call us today on +44 7861 682275.