Renewable Energy R&D Tax Relief

The energy industry is undoubtedly in a time of flux and transformation. With the entire industry interested in innovation and the development of more powerful technologies in renewable energy, the sector presents incredible opportunities for businesses across the UK. If your business is doing work on innovative new products, services, and technologies in the energy sector then you could be eligible for R&D tax relief. At Cooden Tax Consulting, we are experts in all areas of R&D tax relief.

We have helped countless businesses make claims for R&D tax credits – ensuring that they get everything they are owed under the government scheme. If you are interested in learning more about the R&D tax relief available for renewable energy innovation, or you want to get started on a claim, please contact our experienced team today.

Many businesses are missing out on tax incentives from the government simply because they do not realise that they can claim. Part of this is a lack of understanding around what is actually meant by R&D and how it applies to renewable energy. R&D refers to work that you do to attempt to solve a problem for the field as a whole. This must be in either a scientific or technological pursuit. And you don’t need to show that you can up with a working solution to the problem, only that you carried out work attempting to do so. You are eligible to claim tax relief on a large range of costs as a part of this work, including everything from staff costs and external workers, through to software expenses and payments to third parties.