Are you working on a complex technology, IT or software project?
The technology sector is one of the fastest growing sectors in the UK and, as such, is one of the key areas for R&D tax relief. For companies involved in many different aspects of technology, from software and hardware development to artificial intelligence, augmented reality, cloud computing, cyber security and Internet of Things (IoT), R&D lies at the heart of what they do.
Latest HMRC Statistics - Information & Communication*
What qualifies as R&D in the technology, IT and software sector?
The R&D tax credits scheme rewards any company that undertakes work to resolve a ‘scientific or technological uncertainty’ and in doing so increases the overall knowledge or capability in that field. Qualifying activities may include:
- Developing state-of-the-art software for new projects or improving the functionality of existing ones through complex techniques.
- Combining two or more existing technologies in a unique way e.g. integrating software with new computer hardware.
- Developing innovative cloud software and tooling systems in a way that extends the boundaries of knowledge in the field.
- Devising innovative methods for capturing, transmitting, manipulating and protecting data.
Download our Technology, IT & Software leaflet to find out more
Why work with SciTax?
The R&D tax relief scheme is a highly technical and complex process. With extensive experience working within this field, we are well-positioned to help technology companies and related industries claim for their innovation.
At SciTax, we take a supportive approach to guiding our clients through the entire claims process. We offer regular visits to your premises (where required) to discuss and review R&D activities to ensure we maximise your benefit. Additionally, we undertake as much of the R&D claim work as possible from identifying eligible projects, through to writing technical narratives, and calculating difficult R&D calculations.
Our support doesn’t end when we submit your claim. Our fee structure includes full enquiry support should your claim be investigated by HMRC.
Are you ready to start your R&D claim?
* Source: HMRC R&D tax credits statistics 2023.
