Get in touch
Please contact us to discuss how working with Myriad Associates can maximise and secure R&D funding opportunities for your business.
Many businesses are doing this in their day-to-day work, from software development and engineering companies to firms working in food production.
How manufacturing and software companies can claim R&D tax credits for the development of new products
Most companies working in manufacturing or software development will be undertaking eligible qualifying activities. If the technical lead of a project (the R&D manager, lead engineer, or lead developer) is struggling to overcome the project’s technical challenges, then it will almost certainly qualify for R&D tax credits.
What type of software projects qualify for R&D tax credits?
Common examples of software development projects that may qualify for R&D tax relief include:
What type of manufacturing and engineering projects qualify for R&D tax credits?
Common examples of product and process development projects that may qualify for R&D tax relief include:
R&D tax credit claim opportunities available across other industries
Many businesses don’t realise that they qualify for R&D tax credits or that they are not claiming their full entitlement. The R&D tax credits scheme has been in existence for over 15 years and over €500m p.a. is currently being claimed.
What activities can be included in an R&D tax credits claims?
The following activities would be considered eligible for R&D tax credits:
In addition, certain indirect support activities may qualify for R&D tax relief, such as:
This post was written by Lauren Olson who is Senior Technical Consultant at Myriad Associates . Click here to read more about Lauren and the Myriad team.
Please contact us to discuss how working with Myriad Associates can maximise and secure R&D funding opportunities for your business.