Claiming R&D Tax Credits for Software Development & IT Companies!

Software development & Information Technology - R&D Tax Relief

Software development and IT companies are engaged in constant efforts to improve their products. To drive business growth and meet the expectations of increasingly demanding companies they must take risks, experiment and innovate or face inevitable stagnation in a brutally competitive industry. In other words, they must carry out R&D. Many companies are benefiting from R&D tax relief on their software development expenses.

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In the United Kingdom, companies in the software and information technology (IT) industry can claim Research and Development (R&D) tax credits for a wide range of activities related to the design, development, and implementation of new software, IT systems, and technologies.

Some examples of eligible activities include:

Developing new or improved software applications and systems
Developing new or improved IT infrastructure and cloud-based technologies
Developing new or improved methods for data storage, management, and analysis

Developing new or improved methods for cybersecurity and data protection
Developing new or improved methods for artificial intelligence and machine learning
Developing new or improved methods for internet of things (IoT) and connected devices
Developing new or improved methods for virtual and augmented reality

To qualify for R&D tax credits, a company must be a UK-based business and the R&D activities must be related to the company’s trade. The R&D must also seek to achieve an advance in overall knowledge or capability in a field of science or technology through the resolution of scientific or technological uncertainty.

The amount of credit a company can claim depends on the size of the company and the nature of the R&D activities. For small and medium-sized enterprises (SMEs), the credit is worth up to 33% of the R&D costs. For large companies, the credit is worth up to 10% of the R&D costs.

Your preferred partner for R&D Tax Credits

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Expert Advice

As specialists in R&D tax credits, our advisory team is dedicated to keeping up with the most recent regulations established by HMRC. With their continuous efforts, you can feel confident in the expertise and accuracy of the advice they offer.

Personalised Service

We provide customised guidance and support throughout the R&D tax credit claim process, tailored to each client's individual needs and objectives.

Strategic Approach

We develop and execute a strategic approach for R&D tax credit claims with the aim of maximising benefits and reducing potential risks.

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Our team of 100+ sector specialists understand the unique challenges and technologies used in a wide variety of industries.

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