Recycling R&D Tax Credits
Recycling is a growth industry, with new technologies being developed to increase the amount of material that can be recycled and the efficiency of recycling. There are many areas that can be eligible for recycling R&D tax credits, from research into purification of products to developing biodiesel. Around 2 million tonnes of material is recycled in the UK each year, ranging from household waste to industrial material. Many companies are involved in the recycling industry in the UK, and recycling R&D tax credits can help them continue to innovate and develop new technology. These tax credits can fund many of the expenses connected to developing new products and processes, including:
- Staff costs
- Software costs
Can I claim recycling R&D tax credits?
Since they were introduced in 2000, thousands of companies have benefited from R&D tax credits.
To be eligible to claim R&D tax credits, you must:
- Be a limited company, subject to UK corporation tax
- Be involved in developing new products or processes, or improving existing ones
- Spend money on R&D
These environmental tax R&D tax credits can take the form of direct cash payments, or reduction in corporation tax. This can then be reinvested in R&D, allowing you to develop even more products and processes.
If you aren’t sure if your project will be eligible, the best thing to do is to contact us. RandD Tax will identify if you are eligible to make a claim. We even offer a FREE ASSESSMENT to see if you can make a claim.
How to claim recycling R&D tax credits
When you are researching new products and processes, you don’t want to be wasting time claiming for funding. That is why RandD Tax are here to do it for you.
Our team have all the knowledge and experience to process your claim quickly, so you can concentrate on the research that is key to your business.
Hundreds of companies in the recycling industry can benefit from recycling R&D tax credits, which will help the industry become even more innovative and efficient.
We have helped hundreds of companies to claim R&D tax credits.
To see how we could help your company, contact us today.
Still not sure if you could benefit? Read this case study about a company claiming recycling R&D tax credits.
Get in touch today regarding recycling R&D tax credits