Many are still unaware, but British businesses are eligible for Corporation Tax relief if they invest time and money into activities that meet HMRC’s definition of Research & Development. This can be a significant sum (up to 230% of the qualifying costs), and can even apply to businesses that are currently loss-making (startups welcome!).
R&D Tax Credits
In order to qualify, expenditure has to be associated with specific projects that:
looked for an advance in science and technology
had to overcome uncertainty
tried to overcome this uncertainty
couldn’t be easily worked out by a professional in the field
The good news is that plenty of web, app and software development can qualify, especially anything with technically tricky backend development, where the goal was uncertain and trial and error was the method. We’ve assisted a number of our customers and partners in applying for R&D tax credits, through producing the technical documentation and narratives that HMRC use to assess claims. Our partner consultants are skilled at identifying qualifying costs that may have been forgotten and to maximise the value of a claim.
We partner with an R&D specialist team to produce with the technical documentation and our rates are highly competitive, made possible through their close liaison with our development team.