In short, yes. The best thing to do is to figure out how much R&D you are doing, you should then be able to assign a proportion of your light, heat, water and power that was used for your R&D and amend your claim accordingly. 

One of the biggest portions of claims for the Research and Development tax incentive is circled around staff costs. Whether that might be people directly involved within the R&D or others who might be indirectly involved.

No, you do not need to create a new product to qualify for R&D Tax Credits. For example, if you tweaked a system, this could be claimed for the R&D incentive. Anytime you have attempted an advancement in the Electronics sector, whether this worked or not, could still have the potential to be a qualifying activity.

In 2020, there were a staggering 10,045 claims processed by HMRC for the Electronics sector, making it one of the largest sectors in R&D. On average you could receive £77,153 for your successful claim. There has never been a better time to put your claim in for the R&D Tax Relief Incentive.

Where do we start? You can claim for:

• New software or the development of new hardware
• New, bespoke electronic development
• Innovating new applications 
• A portion of your utilities bill
• Subcontractors (up to 65%)

Yes! You are able to claim for unsuccessful projects as this falls under the ‘uncertainty’ you faced during the Research and Development you undertook.

Examples of uncertainty for R&D are;

• Attempting to fix an issue with a piece of software that does not meet the requirements however being unable to resolve the issue
• If a software, still has issues after attempting everything in order to resolve, this could be eligible to claim R&D