News and insights from the Verallo team
Check if your R&D qualifies for tax relief
If your company is working on innovative projects in science or technology, this is worth a look. HMRC has released a tool to help you determine whether your project activities qualify for tax relief.
This is a timely development as R&D tax claims have come under increased scrutiny, with changes to rules and compliance measures impacting how relief is claimed.
Here’s what you need to know:
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The tool guides you through the key criteria for R&D tax relief, helping you understand whether your project qualifies.
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It’s suitable for businesses new to R&D tax relief, as well as those seeking extra clarity on specific projects.
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You’ll need to base your answers on your project facts and may need input from a competent professional.
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HMRC provides guidance throughout the tool, and you can save or print your results for future reference.
Why it matters
Using this tool can give you confidence in your R&D tax claims and ensure you’re capturing eligible activities. While it doesn’t replace professional advice, it’s a great first step in understanding your project’s R&D potential.
Explore the tool and HMRC guidance via the Government website: Check if a project includes activities that qualify as Research and Development for tax purposes – GOV.UK