Current Insight

"The reality is many companies feel as if they need to be the next Google and develop cutting edge technology to access R&D Tax Credits. Little to their knowledge, the R&D scheme requires a company to 'overcome technical uncertainties' whilst 'seeking an advance in science or technology'. Therefore, it is a lot broader than what people think. At BourkeHood, we are on a mission to deliver and simplify this process to as many companies as possible."

Jason Hood

BourkeHood Director

Booming sectors of science include:

Veterinary Science

Sports Science

Agriculture

Chemistry

Food Science

Renewable Energy

Eligibility Criteria

Research and development (R&D) tax incentives apply across various scientific sectors, promoting innovation and growth. If you are engaged in fields such as veterinary sciences, sports science, agriculture, chemistry, food science, or renewable energy, this information is relevant to you.

Qualifying areas include:

  • Development of novel treatments or diagnostic techniques for animal diseases.
  • Advancement of animal genetics and breeding methods.
  • Design of innovative sports equipment, materials, or technologies.
  • Advancements in sports analytics, biomechanics, or physiological assessments.
  • Advancement in sustainable farming practices or pest control methods.
  • Development of innovative agricultural machinery or equipment.
  • Discovery of new compounds, materials, or chemical processes.
  • Improvement of existing chemical processes or synthesis methods.
  • Improvement of food preservation, packaging, or safety techniques.
  • Advancements in food processing or manufacturing technologies.
  • Development of new or more efficient renewable energy technologies (e.g., solar, wind, or bioenergy).
  • Advancements in energy storage, distribution, or management solutions.

The eligibility of specific activities as core R&D activities depends on the unique circumstances of each case. Generally, activities that do not involve experimentation to test a hypothesis are not considered core R&D activities. However, they may qualify as supporting R&D activities if they directly contribute to an eligible core R&D project. Examples of such activities include testing, data collection, and analysis, among others.