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  • What is ‘qualifying expenditure’?

    27 March 2020

    Andy Wood


    • You can claim research and development tax credits on R&D revenue expenditure, i.e. the day-to-day operational costs directly relating to the innovation project.
    • Generally speaking, you cannot include capital expenditure within the R&D tax credit claim.
    • Revenue expenditure includes the following costs which can be included in your R&D claim:
    • Staffing costs
    • Externally Provided Workers (EPWs)
    • Software
    • Consumable items
    • Clinical trial volunteers in the pharmaceutical industry
    • Subcontracted R&D (usually at a different rate to main SME relief rate)
    • This is where you can take affirmative steps to maximise the value of your claim. An experienced R&D relief specialist will carry out a thorough review and itemisation of all R&D related spend.
    • ETC Tax are experienced in handling client’s claims from start to finish. Get in touch if you have any queries.