What are consumable items for R&D tax credit claims purposes?
Consumable items are physical expenses that can be claimed for R&D tax credits. These include things like water, fuel, power, and materials that get used or changed during R&D.
The expenses must be for activities recognised as R&D, including indirect activities and apply to both SME and RDEC schemes for all company sizes.
If a chemical can be reused, you can still claim it, however if an item is still usable in its original form after R&D, you can’t claim its cost.
