Software and Technology

R&D Tax Credit Examples, Hints & Tips To Maximise Value
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Software and Technology

Top 10 R&D Sector

We know that there are a lot of nuances regarding this incentive but that’s what 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. 

 

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Software and Technology R&D Tax Credits?

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

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Innovative companies in Software Development

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4 Project Examples

Find the 4 most common claim areas in software development 

software 1

Cyber security

Developing completely new technical features, functions which are currently unavailable.

software 2

Integrating applications

Integrating applications which have not been previously brought together to create a new system which is technically challenging.

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Machine learning

You may have developed a new software that offers an advancement to the sector, with a purpose of improving efficiency, you could claim for it.

software 4

AI

If you have developed a bespoke robot, why not claim for it?

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 programme which led to an advancement, this could be claimed for the R&D incentive. Anytime you have attempted an advancement in the software sector, whether this worked or not, could still have the potential to be a qualifying activity.

Where do we start? You can claim for:

  • New software creation
  • Adaptations and enhancements to existing systems
  • A portion of your utilities bill
  • Subcontractors (up to 65%)

A very common question with a fairly simple answer. If you have developed a piece of software with a brand new functionality, or if you enhanced an existing software and it offers something brand new to the sector then yes, it is R&D. But remember, your work on software development needs to be offering something brand new to the sector, not just the operation of your company.

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;

  • Fixing an issue with a piece of software however, it does not meet your software development criteria 
  • Software not working like you anticipated it would
  • Adaptations and amendments in the software that didn’t meet new advancements which you did not have before but facing issues once going through the research and development 

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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’  

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Manufacturing case study

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Costs which don't qualify

Find out what doesn’t qualify under the R&D incentive within software development.

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Google

Sounds like a silly thing, but if you can find your project or similar activity on a google search, then it's not R&D. You project must be one of its kind and answer challenges in your field.

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Licences

If you have developed a branch of an existing system, the costs of maintenance will not be considered as qualifying expenditure.

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Company vs Sector advancements

You can implement a system that advances your company, but if you implement it without any modifications and it does not advance your industry, it won't qualify.

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IP rights

Where the IP rights in the development belong to someone else – e.g. computer company develops a new portal/bridging facility for a client, as per their contract. Potentially the rights, belong to the client, not the computer company.

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 Kings simple process you don’t need to worry about your time invested in the claim.

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