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Whether you are already applying for the Research and Development (‘R&D’) tax deduction or just considering your eligibility, it is essential to remember that R&D does not just happen in the laboratory – quite often it is 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 or trying out new material to reduce costs.
It is also a way to stay ahead of peers by incorporating sustainability concepts into your products and services.
As the list of eligible expenses is extensive, and with a potential saving of up to 8% of qualifying expenditure, it is worth checking if your activities meet
the criteria.
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