Whether you’re already claiming the R&D tax credit or just considering your eligibility, it’s essential to remember that R&D doesn’t just happen in the laboratory – quite often it’s the work a company would consider to be a day-to-day activity: developing a new product; devising or making improvements to a production process; trying out a new material to reduce costs.
The list is extensive, and with a potential saving of up to 25% of qualifying expenditure, it’s worth checking if your activities meet the criteria. See our information flyer for companies in the biotechnology, pharmaceuticals and medical devices sectors, including examples of qualifying activities, a case study and examples of claims we’ve worked on.