Eligibility for the R&D Tax Credit scheme
What qualifies for the R&D Tax Credit scheme and some details to explain each of the criteria.
What qualifies as R&D?
What is regarded as eligible for Research and Development Tax Credits would surprise you. Find out your eligibility now.
Most companies will make improvements and tweaks to out-of-the-box software, or build their own from scratch, and this will qualify for R&D tax credits. There are many things that qualify for R&D Tax Credits, we have detailed a few key areas that apply below.
“One of the most overlooked pieces of innovation in most businesses is the CRM system – the customer management software”
- 1. Developing New Code/ Products
- 2. Issue Diagnosis/ Problem Solving
- 3. Increasing Capability/ Knowledge
- 4. Product Testing
- 5. Investigating Alternative Methods - A/B Testing
- 6. Improving Solutions
Ready to apply?
If you’re ready to apply for your R&D tax refund, please call us on the freephone number below or use this contact form and one of our helpful team will be in touch to help.
By completing the above contact form you consent that Datafox can contact you with regard to an R&D Tax Credits claim and use your details during any future claims.
Stuff you need to know
Research and development are driving innovation in the medical and healthcare industries. Find out how they can benefit from the R & D Tax Credit scheme.read more
Learn about alternative proteins and how innovation in Agriculture can qualify for R&D Tax credits.read more
Learn more about the announcement to include Cloud computing and data costs within the scope of R & D Tax relief, in the latest Spring budget of 2021.read more
Case Study: Brainwave Drinks
Brainwave Drinks Ltd’s business is innovative, healthy functional drinks. They created, developed and launched in the UK the Brainwave range of drinks, which are unique – helping maintain brain health and cognitive performance. Similarly, their ProWater range of drinks – high protein, low calorie, great tasting and refreshing (not chalky). The protein is fully soluble – again unique in their markets.