Fiscale win legal victory for tax fairness for SMEs against HMRC!
Read more...| Cost | SME Scheme | RDEC | Notes |
|---|---|---|---|
| Staff Costs |  | | Cost of employing staff (gross salary, overtime, bonuses, employers’ national insurance and employees’ pension contributions) |
| Consumables | | | Materials consumed within the R&D (can include prototype costs, light, heat and water) |
| Subcontractors | | | See below |
| Software | | | Software costs (those incurred either directly in the R&D process such as CAD software or other equivalent or costs incurred in indirectly supporting the process, such as Microsoft packages or accounting software) |
| Externally provided workers | | | Externally provided workers (this can include staff employed through an agency or a director or member of staff employed by another company within a group of companies) |
| Clinical volunteers | | | |
| Contributions to universities | |
A subcontractor relationship exists where all or part of a project is subcontracted. It does not apply where individuals supply labour to work on an R&D project.
Under the RDEC the costs of a subcontractor can only be claimed where the subcontractor cannot claim, for example if the subcontractor is an individual or a university. If the subcontractor is an SME, the subcontractor would claim under the RDEC.
