A common question from clients is if they can claim Research & Development (R&D) tax relief for travel costs they have incurred in relation to an R&D project. The answer to is Yes, only if these funds are expenses paid for by an individual then repaid by the company.
However, if the company pays for these costs directly, then, unfortunately, the HMRC do not allow for this to be a claimable R&D expenditure. Therefore, if your company is going to be spending a significant amount on travel relating to an R&D project it is key to bear in mind what is claimable.
To better determine if your company is eligible for R&D Tax Credits, you can fill in the form here for a free no obligation chat.
How can SHENCOH help with R&D tax credits claims?
Take the R&D Eligibility Quiz to find out if you have qualifying R&D expenditure.
Shencoh is an R&D tax specialist company, with methodology and practices recognised by HMRC. We pride ourselves on not taking more than 3 hours of your time from start to completion, on a no win no fee basis. If you are interested in learning more or need help putting a claim in, please fill in the contact form here or give us a call on 0161 743 3656.