How can I create a distinction between ‘innovative’ projects and qualifying R&D projects?
It is essential that potential Research and Development (R&D) projects are assessed correctly so that all claims submitted to HMRC by your business are accurate. A common misinterpretation is that because a project involves the development of a bespoke process, material, device, product, or service, it qualifies for relief; simply put, this is not always the case.
A bespoke process, material, device, product, or service will only qualify for relief if it necessitates an advancement in overall knowledge and capability in a field of science or technology and in order to do so, requires the resolution of scientific or technological uncertainty.
This means that projects which can be described as innovative do not necessarily qualify for relief; each project requires careful assessment, which we have the resource to do at Moore R&D.
