What Qualifies as R&D Cost?
Research and development, R&D, offers businesses a means to grow and thrive by focusing on innovation. This can be about improving processes, developing or refining products, or a combination of all these things.
The UK Government recognises the intrinsic value of R&D for businesses, and consequently it provides tax relief and tax credits for certain types of revenue expenditure connected to research and development.
As specialists in high temperature insulation and thermal management products and solutions, Elmelin recognises the value of R&D for our varied client-base. We also understand that sometimes the whole issue of R&D costs, and what businesses can claim, can be complex.
Here is a brief guide to give you more clarity about R&D.
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