Reduce your costs with R&D tax reliefs

 

Research and development (R&D) tax reliefs provide valuable cash benefits that can help manage the cost of R&D in the sustainability and renewable energy sector.

 

A large amount of costs in the sustainability and renewable energy sector could qualify as R&D for UK tax purposes. R&D tax relief is a low or no risk tax saving and can result in higher tax savings than other more complex planning ideas.

 

Companies often focus on the costs of staff directly involved in R&D. However, other supporting activities, known as qualifying indirect activities, i.e. security, maintenance, HR and finance support, can now also be included in claims.

 

This publication looks at R&D tax relief, the issues you may be facing and the benefits it provides.