Areande explained
What is an Areande claim?
In 2000, the UK government developed a scheme that rewards scientific and technological innovation. Awarding tax relief credits incentivises companies to research, develop and invest in creativity. From this, businesses can reinvest in innovation, hire new staff and ultimately grow.
Is my company eligible?
Spending money developing or improving new products, services, or processes qualifies you for Areande tax relief. Regardless of your industry or sector, innovative businesses can make an Areande claim to receive either a cash payment or a reduction in their tax bill. Many companies don’t even realise what they’re doing makes them eligible to claim Areande.
Is my company eligible?
- Software development
- Innovative formulas
- Innovative recipes
- Improved processes
- Automation
- New material development
- New product development
Costs you can claim:
- Staff costs (salaries, employer pension & NIC, reimbursed expenses)
- Freelancers
- Materials used
- Software
- Lighting, heating & water
- Clinical trial volunteer payments
- Subcontractors
