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Professional, Scientific and Technical

R&D Tax Credit Examples, Hints & Tips To Maximise Value
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Professional, Scientific and Technical

Each industry has its own nuances, if you work within a sector that can be classed as Professional, Scientific or Technical, and you think that you’re eligible for this incentive, then keep reading! Here, we’ll go through your most common claim areas, activity that doesn’t qualify and some surprising examples of what you can claim for!

In the Professional, Scientific and Engineering sector, is where the most claims are successfully processed. The reason for this is the amount of research and development that is taken place within the sector. R&D is everywhere, so why not have a look below and start your claim today!

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4 Project Examples

Below are project examples that would qualify for R&D tax credits in the Professional, Scientific and Technical sector

Counting King Manufacturing Sector Specific R&D

Advancement

Adapting knowledge/capability to make an advance where this adaptation was not previously possible. This could've been taken from another field of science or technology.

Duplication

To make a product or service in a new or vastly improved way, by using science or technology to offer something new to the field.

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Identification

In the sector, identifying new uses of existing compounds and searching for the molecular structures of possible drugs, to find improved or new active compounds is looked at as R&D.

Counting King R&D Budget Increase

Robotics

Creating new or improving existing robotics which advance the professional, scientific and technical sector, for example accessing previously inaccessible environments such as space.

Costs Which Don't Qualify

Sometimes the parts you may think qualify, don’t. Here are some examples of what doesn’t qualify in the sector

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Rent

Rent does not qualify for R&D Tax Credits under any circumstance.

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Prototypes

If your company has developed a prototype but you aim to sell it on to a client, you will no longer be eligible to claim R&D expenditure for that prototype.

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Dividend Payments

This should be looked at on a case to case basis. It is important to point out that any dividend payment are not eligible for R&D Tax Relief, hence why if your director is very involved within the R&D process, it makes more sense to pay them a salary.

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Purchasing Land

Purchasing land is another cost which will not qualify for the incentive. So for example, if you purchased land to develop the idea the land will not be allowed to be claim for.

How Much Could You Receive In

Professional, Scientific And Technical

Use our free calculator today and you could have a significant benefit amount within 28 days!

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Download our R&D Tax Relief Information

Find out how simple it is to claim R&D Tax Credits in the Professional, Scientific and Technical sector

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Start Your Claim With Counting King Today!

Don’t hesitate on starting your claim. The government would like to say well done for your innovate hard work so check if you could be entitled to the money they are offering to support your business. With the Counting King simple process, we will go through if you are eligible and if you are we will go through the process and work out the amount you can claim.  It is a process we are experts in and will take the lead on producing for you.

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Quick Q&A

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 robotic piece of equipment which had an advancement, this could be claimed for the R&D incentive. Anytime you have attempted an advancement in the Professional, Scientific and Technical, whether this worked or not, could still have the potential to be a qualifying activity.

In 2020, there were 10,045 claims processed by HMRC for the Professional, Scientific and Technical sector and on average you could receive £77,153 for your successful claim based on current statistics.

With Professional, Scientific and Technical being one of the largest parts of the Research and Development Tax Credits, there is no better time to claim today as you could be missing out on thousands.

Where do we start? You can claim for:

  • New robotics
  • Developing new genealogy
  • Creating a new process, material, device, service or product
  • Software development
  • Statistical modelling & programming

… and that’s just a few!

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 robotics that does not meet your Professional, Scientific and Technical requirements however being unable to resolve the issue
  • Managing environmental factors, decreasing your carbon footprint during  your manufacturing process 
  • If working on a solution for a new and improved compound which has a huge advancement but however is still not meeting requirements and needs future development

Find more about R&D in your sector!

Depending on your company size, you may qualify under the RDEC scheme (Research and Development Expenditure Credit) or under SME incentive (Small Medium Enterprises).

Find out more about your eligibility today.

Download our R&D Tax Credit Brochure
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