Week 2 R&D Cost Categories

Question 1 / 10

0 %

0/100

Score 0/100

1. Under the software licenses cost category, which of the following would generally be an allowable software license expenditure?

Adobe

Microsoft Office

AWS

CAD

About This Quiz

This quiz will test basic knowledge and understanding of qualifying Research and Development costs. These questions will be graded and the results will be viewed by your Team Leader, consultant supervisors and talent development. Please complete all sections of this assessment including name, location and role. The assessment is comprised... see moreof two non-graded questions and eight multiple choice graded questions. The first two questions are not graded (i. E. Location and Job Role). There is only one right answer per question. There is no time limit for this assessment. Please use this quiz to identify any areas of R&D cost categories that you may need a bit more information on. Please let your Team Leader know once you've completed this assessment
see less

What's your name?

Tell us your name to personalize your report, certificate & get on the leaderboard!

2. Subcontracted labour is an allowable expenditure under the scheme to the extent..

It includes payments made to another person subcontracted to carry out activities that are part of the company’s relevant R&D

It is always an allowable expenditure, there are no restrictions

It includes payments made to another company within the same group only, not third party providers

It includes payments made to universities and sole traders only

3. Generally, companies can claim relief across which five cost categories of expenditure?

Staffing costs, Consumables, Subcontractors, EPWs, Software licence

Staffing costs, Rent & Rates, Subcontractors, EPWs, Software licences

Freelancers, Utilities, Subcontractors, EPWs, Software licences

Staffing costs, Consumables, Subcontractors, Agency workers, Capital expenditure

4. The measure of staffing costs in respect of employees engaged directly in R&D activities for the directors and employees is given by adding all of the following except..

The secondary class 1 national insurance contributions paid by the company

The contributions paid by the company to any pension fund operated for the benefit of the directors or employees

Dividends and loans to participators paid by the company to its directors and other persons with significant control

5. Which of the following is an expenditure allowable under the consumables category?

Any costs related to components, tooling, scrappage, prototypes and wasted materials

The company's full light, heat and power bill

The company's rent and rates bill

Any costs related to components, tooling, scrappage, prototypes passed on to the end customer

6. Which of the following is not true with regards to expenditure incurred on subcontracted labour?

Under the Large Company scheme, the expenditure on R&D contracted to other persons is generally not allowable

7. A person is an externally provided worker in relation to the claimant company if all of the following conditions are satisfied except if..

They are an individual (company)

They are not a direct employee of the company

They are self-employed

8. Qualifying indirect activities are activities which form part of a project but do not directly contribute to the resolution of the scientific or technological uncertainty. These can include all of the following except..