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 product which had an advancement, this could be claimed for the R&D incentive. Anytime you have attempted an advancement in Health and Social Care, whether this worked or not, it could still have the potential to be a qualifying activity.

In 2020, there were 715 claims processed by HMRC for the Health and Social Work sector, on average you could receive £41,958 for your successful  claim based on current statistics.

With Health and Social Work booming with R&D, there is a no better time to submit your R&D Claim now and get what you deserve.

Where do we start? You can claim for:

• Integrating AI into the sector
• New, bespoke equipment development
• Modifying existing equipment 
• 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 modify a piece of equipment but being unsuccessful in doing so
• Managing environmental factors, decreasing your carbon footprint during your manufacturing process