What is Research and Development (R&D)?

It’s not always clear whether an activity is R&D. For tax credit purposes R&D takes place ‘when a project seeks to achieve an advance in science or technology and resolve scientific or technological uncertainty’.

R&D is characterised by:

  • An advance in the overall knowledge in science or technology and work which might lead to breaking new ground or a technical advance i.e. making a product, process or service better by developing technology or science

  • The activity seeks to resolve scientific or technological uncertainty i.e. you face technical or scientific challenges during your development

Companies often think of R&D only being in traditional industries such as life sciences - R&D can be undertaken in almost any industry and the definition of R&D is deliberately wide ranging to ensure industries are not discriminated against.

The full definition of R&D can be found here.

Remember: Nifty R&D operates on a not eligible, no fee basis so get started now.

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