Sectors

The key question is whether the cost incurred is directly related to research or development activities aimed at creating a new or improved product, process or service. Routine improvements and ongoing maintenance do not qualify. We conduct an analysis and help correctly classify individual categories of expenditure.

Yes, costs financed by a grant cannot also be deducted under R&D tax relief. We help correctly separate grant-funded costs from those qualifying for R&D tax relief, so you can maximise the benefits of both instruments without the risk of the deduction being challenged.

There is no minimum threshold for R&D tax relief. Even a small company working on a new product or process may be eligible for it. We start by analysing your business activities to confirm what qualifies for the deduction.

R&D documentation should be retained for the limitation period applicable to the tax liability – as a general rule, five years from the end of the year in which the tax return was filed. We help organise the archiving of project documentation and cost records so that they are complete and easily accessible in the event of an audit.