An appropriate percentage of those doing the development work and those planning and supervising the project, including salaries, bonuses, NIC, pension, benefits and reimbursed expenses.
Software licenses and other IT costs
Software licenses and other IT costs – if used for the development project.
Subcontractors and externally provided workers
Sub-contractors and externally provided workers – 65% can normally be claimed, but can be 100% if under the same control as the main company.
Some overheads – a proportion of utility bills if paid directly to the provider.
The R&D Estimators below will give an estimated benefit that is only based on your R&D expenditure, and may overstate the benefits.
The Beavis Morgan R&D Tax Relief Calculator will give a much more accurate indication as it takes account of profits and losses.
If zero benefit is shown, the company’s losses carried forward are increased to use in future years. A claim can be made for each of the last two accounting periods.
At Beavis Morgan, we have successful track record of claims for businesses across a range of sectors. We can help you with all aspects of your R&D Tax Relief claim in 3 easy steps.
A payment from HMRC usually takes 3 – 6 weeks. Instead of receiving payment, you could elect to carry the benefit forward for future use.
A payment from HMRC if you have already paid the tax, or a reduction or elimination of any liability you have yet to pay.
A combination of the loss making and profitable companies or, in a few circumstances, an increase in losses available to carry forward.