Utilities & Energy

The Juicy Numbers

50 %+

power generated by low-carbon sources

2050

the UK's net zero target

33 %

of eligible costs could be recovered

98 %

of our claims paid first-time by HMRC

R&D tax credits in the energy & utilities industry

Few sectors are under as much pressure to undertake pioneering R&D activity as the energy and utilities sector. With the UK's net-zero target of 2050 firmly in the Government's sights - and the significant timeframes involved in developing low-carbon energy sources - research and development in the sector is scaling new heights. Other demands, such as the ban on the sale of new fossil-fuel-powered vehicles from 2030, are adding even further demands on the sector to innovate the UK's infrastructure and energy distribution processes.

The Government's R&D tax relief scheme exists to support this pioneering activity and to provide a foundation for further re-investment and economic growth. Projects that develop new products or process in the sector could be eligible for tax relief of up to 33%, and could involve renewables, smart meters or power efficiency and grid distribution.

By using Yuzu Group as your R&D tax credit claim specialist, you will achieve maximum benefit from the scheme and reward your risk and innovation.

Costs that could qualify

Many energy and utility companies assume that R&D activity is just 'part of the job' and is not eligible. However, this is commonly not the case, and they realise that lots of activities they have undertaken for years are, in fact, eligible under the scheme. Our specialist tax consultants will do the legwork and uncover every penny of eligible expenditure across your operations.

Staff wages, NI, pension contributions and expenses

Materials

Software costs

Freelance resource

Subcontracted development or testing

Consumables like light, heat, power and materials relating to the project

Who qualifies?

You must:

Be a registered Limited company in England and Wales

Have registered for and be liable to pay corporate tax

Have carried out qualifying activities in relation to Research and Development

Have spent money on these activities in the previous 3 years

About Yuzu Group

We're not your average tax consultancy. Your business deserves best-in-class support teams for your retail or wholesale R&D tax relief claim, and that's precisely what you get.

Using experience in the world's largest consulting firms, our specialist consultants are trained to identify every penny of available expenditure from your retail R&D projects and to create high-quality narratives to accompany your tax credit claim, whether we're revisiting your previous claim or starting a new one from scratch. We know what HMRC want to see in your claim, resulting in our 98% first-time payment rate.

R&D Tax Credits in Utilities and Energy

Contributing over £26bn to the UK economy annually, energy and utility companies provide vital services to all sectors of society

The Juicy Numbers

Research & Development (R&D) [rɪˈsɜːʧ ænd dɪˈvɛləpmənt]

R&D tax credits in the energy & utilities industry

Did you know your R&D project does not need to be commercially successful to qualify for R&D tax relief?

Costs that could qualify

We Are Yuzu Group

Who qualifies?

… your project should demonstrate an advance IN science or technology, and isn't just USING science and technology…

Credit Estimator

You are likely to be eligible for R&D tax credits if the following applies to your business:

Many businesses in the utilities and energy sector are amazed at the costs they can reclaim, many of which they've done for months or years and assumed it was 'part of the job'…

Start your R&D Tax Credit journey within the utilities & energy sector

About Yuzu Group

R&D Tax Credits in Utilities and Energy

Contributing over £26bn to the UK economy annually, energy and utility companies provide vital services to all sectors of society

The Juicy Numbers

Research & Development (R&D) [rɪˈsɜːʧ ænd dɪˈvɛləpmənt]

R&D tax credits in the energy & utilities industry

Did you know your R&D project does not need to be commercially successful to qualify for R&D tax relief?

Costs that could qualify

We Are Yuzu Group

Who qualifies?

… your project should demonstrate an advance IN science or technology, and isn't just USING science and technology…

Credit Estimator

You are likely to be eligible for R&D tax credits if the following applies to your business:

Many businesses in the utilities and energy sector are amazed at the costs they can reclaim, many of which they've done for months or years and assumed it was 'part of the job'…

Start your R&D Tax Credit journey within the utilities & energy sector

About Yuzu Group

Let's Chat