Are you working on an innovative project which aims to protect the environment?
With the increasing effects of climate change on our planet at the top of government agendas worldwide, renewable energy, protection of our environment and the reduction of waste is undoubtedly one of the most important areas for R&D of this decade. Some companies in this sector are unaware that they are eligible for an R&D tax claim.
Latest HMRC Statistics - Electricity, Gas, Steam, Water, Sewerage & Waste*
What qualifies as R&D in the environment and renewable energy sector?
The R&D tax credits scheme rewards any company that undertakes work to resolve a ‘scientific or technological uncertainty’ and in doing so increases the overall knowledge or capability in that field. Qualifying activities may include:
- Designing and developing more efficient or cheaper solar or wind technology that advances overall capability.
- Recycling of waste to create new or improved products which exceed current performance levels or significantly reduce costs.
- Developing unique processes or products to substantially reduce noise pollution.
- Designing environmentally friendly products or techniques which surpass those readily available.
Download our Environmental & Renewable Energy leaflet to find out more
Why work with SciTax?
The R&D tax relief scheme is a highly technical and complex process. With extensive experience working within this field, we are well-positioned to help environmental companies and related industries claim for their innovation.
At SciTax, we take a supportive approach to guiding our clients through the entire claims process. We offer regular visits to your premises (where required) to discuss and review R&D activities to ensure we maximise your benefit. Additionally, we undertake as much of the R&D claim work as possible from identifying eligible projects, through to writing technical narratives, and calculating difficult R&D calculations.
Our support doesn’t end when we submit your claim. Our fee structure includes full enquiry support should your claim be investigated by HMRC.
Are you ready to start your R&D claim?
* Source: HMRC R&D tax credits statistics 2023.
