Software R&D Tax Credits

What counts as R&D for tax relief Purposes?

we suggest evaluating your project against the following three criteria to determine if it meets the requirements for R&D classification in the eyes of HMRC Is there technological uncertainty?

• If you took a competent professional in your field and gave him the documentation for your project?  Would the answer to your problem be readily deducible? If not then you’ll likely have attempted to overcome some sort of scientific or technological uncertainty for your project to qualify.
• Have you achieved an advancement? The goal of any R&D project should be to take any given technology beyond what’s available in the public domain. So if you’re

1. 1. Doing something that’s never been done before to your knowledge,
   2. Something that’s been done by other companies before in a way that was their own IP,
   3. Advancing an existing technology/approach beyond what it was natively capable of, then you could have done exactly that.

• Does it demand competent professionals? A professional in the relevant field shouldn’t be able to solve uncertainties with ease. A competent professional is one who is anticipated to be familiar with the pertinent scientific and technological principles involved, be aware of the current level of knowledge, have acquired experience, and be acknowledged as having a successful track record.

Our R&D Tax Credit Process

Our Expert team of knowledgeable sector specialists, software consultants, accountants, and former-HMRC tax inspectors can uncover R&D expenditure in software projects that other advisers miss.

1. EXPLORE: Schedule a free appointment below, and we will determine your eligibility and your software firm’s total R&D tax position.
2. CREATE: We will create a claim that minimises your potential exposure to HMRC inquiries, attempt to expedite your claim, and avoid delays in getting your benefit. The claim will undergo rigorous compliance checks by our in-house compliance team.
3. OPTIMISE: We’ll find you additional sources of R&D funding and offer planning assistance for your R&D strategy, taking potential incentives and grants into consideration. Through the whole company lifecycle, we can help by taking a comprehensive approach to the needs for innovation assistance.
4. REWARD: We’ll ensure you safely receive the maximum tax credit available to you, enhancing your future growth.