How To Identify Qualifying ActivitiesAsk yourself any the following questions. If you answer yes to any one of these you may very well be able to claim for a R&D Tax Relief
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But I am Not Profitable?
- There is not longer a minimum R&D spend.
- You don't have to be paying any PAYE/NI contributions.
- You do not have to be profitable or paying any tax.
- See Qualifying Activities section
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How Much Can I Recover?
- 200%- 230% of R&D Expenditures
- Upper limit of £7.5 million
- SME making a loss - Payable Credit up to £33 for Every £100 of Qualifying expenditures
- SME making a profit - Payable Credit up to £26 for Every £100 of Qualifying expenditures
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What Expenditures Qualify?
- Staff Engaged in R&D Activities
- Consumable Materials
- Externally provided workers
- Subcontracted activities
- Computer Software
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LONDON
0203 551 7452
MANCHESTER BRIGHTON
0161 300 1131 0127 343 4144
LEEDS
0113 238 5454
Further Contact Details
Update
Changes as of April 1st, 2011
As of April 1st 2011 the program now allows for a tax relief rate of 200% while reducing other limiting qualifications such as the minimum R&D spend of £10,000 and the requirement for all SME’s to be contributing to PAYE/NIC for employees.