The UK software industry has received over £15 billion in R&D funding through this scheme, with “Information and Communication” being the second-largest SME R&D tax credit applicant sector, with 12,165 claims in 2019 (23% of all UK claims) mostly for software development.
Regardless of the type of software development or engineering your company is engaged in, it may qualify for R&D Tax Relief. If your company is involved in resolving technological uncertainty in an innovative field, it’s likely you’re eligible for the 12,000+ companies that can benefit from this scheme.
However, software claims are more complex than manufacturing claims and defining software development R&D can be challenging. Our webpage summarizes HMRC rules and offers insights from our own software claims experience.
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?
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.
Our team of sector specialists, software consultants, accountants, and former HMRC tax inspectors can help uncover R&D expenditure in software projects that other advisors may miss. Schedule a free appointment with us to determine your eligibility and total R&D tax position, and let us create a claim that minimizes your potential exposure to HMRC inquiries and maximizes your benefits.
Please get in touch and a member of our team will get back to you immediately.