Information and Communication

R&D Tax Credit Examples, Hints & Tips To Maximise Value
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Information and Communication

Top 10 R&D Sector

We still can’t get our heads around why companies don’t claim for their R&D! The Information and Communication sector is thriving, it represents 23% of SME claims so there has never been a better time to claim within the sector.

We know that there are a lot of nuances regarding this incentive but that’s why specialists like ourselves are on the market. R&D is everywhere without you even necessarily realising this. We can conduct a casual meeting with yourself to understand your business, how you operate and what costs you’ve incurred that could qualify. 

 

How Much Could You Receive In

Information And Communication

Use our free calculator today and you could have a significant benefit amount within 28 days!

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Coming Soon: Take A look At How We Helped A Company That Wanted To Deliver Its Product To The Very High Standards It Set Itself

Innovative Companies In The Information And Communication Sector

The sector is thriving with innovation, below are just a few companies that portray that.

4 Project Examples

Take a look at some R&D projects that you could claim for 

Developing

Developing a new malware detection software or creating a platform where natural language could be processed, which in turn allows technology to interpret, manipulate and understand human language.

Improving

Improving existing legacy systems, where they are unable to achieve the full potential of what a new system could achieve.

Creating

Creating brand new development of a software, which allows you to solve current problems.

AI

Working with AI for projects such as chatbots, which frees up time of employees and is more time efficient as it can be active 24/7.

FAQ

Frequently asked questions.

In short, yes. The best thing to do is to figure out how much R&D you are doing, you should then be able to assign a proportion of your light, heat, water and power that was used for your R&D and amend your claim accordingly. 

One of the biggest portions of claims for the Research and Development tax incentive is circled around staff costs. Whether that might be people directly involved within the R&D or others who might be indirectly involved.

No, you do not need to create a new product to qualify for R&D Tax Credits. For example, if you tweaked a cleaning product which had an advancement, this could be claimed for the R&D incentive. Anytime you have attempted an advancement in the Information and Communication sector, whether this worked or not, could still have the potential to be a qualifying activity.

Representing almost a quatre of all SME claims in 2020 for Information and Communication, on average you could receive £63,296 for your successful claim based on current statistics. 

There is never been a better time to submit your R&D Tax Claim.

Where do we start? You can claim for:

  • New or improving platforms
  • Innovating new e-commerce 
  • A portion of your utilities bill
  • Subcontractors (up to 65%)
  • Improving security

Yes! You are able to claim for unsuccessful projects as this falls under the ‘uncertainty’ you faced during the Research and Development you undertook.

Examples of uncertainty for R&D are;

  • Coming into an issue when attempting to enhance a security system and it didn’t go to plan
  • Managing environmental factors, decreasing your carbon footprint during your manufacturing process 
  • Adaptations and amendments in current products and/or services that didn’t go as anticipated and still needs to be amended

Download our Infographic

Find out how simple it is to claim your Software and Technology R&D Tax Credits.

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Insight

Update Article & News.

UK Innovation Strategy

UK Innovation Strategy A recent government paper was published on 22nd July 2021 – titled ‘UK Innovation Strategy: leading the future by creating it’  

Read More »

Manufacturing case study

Looking for a Manufacturing case study? Start my claim Been told you don’t qualify? A window manufacturer, based in the heart West Yorkshire had previously

Read More »

R&D Costs That Do Not Qualify

Sometimes the parts you may think qualify, don’t. Here are some examples of what doesn’t qualify in the Information and Communication sector.

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Rent

Rent will not qualify for R&D Tax Credits under any circumstance.

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Marketing

Anything that comes under marketing is unable to be added into the costs in your claim. For example, making a website for your company's website would not be able to qualify.

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Patent Costs

The cost of applying for a patent 'IP intellectual property' is not able to qualify under the incentive.

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Land

Purchasing land is another cost which will not qualify for the incentive. So for example, if you purchased land to develop the idea the land will not be allowed to be claim for.

Find more about R&D in your sector!

Depending on your company size, you may qualify under the RDEC scheme (Research and Development Expenditure Credit) or under SME incentive (Small Medium Enterprises).

Find out more about your eligibility today.

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Start your claim with Counting King today!

Don’t hesitate on starting your claim, you could be entitled to money you didn’t realise you could have. With Counting King’s simple process you don’t need to worry about your time invested in the claim.

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