Education

R&D Tax Credit Examples, Hints & Tips To Maximise Value
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Education

There is now more than enough potential for the Education sector in R&D. With EdTech becoming popular and the digital age taking over how education once was, there is no better time to claim for R&D within the Education 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. 

4 Project Examples

Below are project examples that would qualify for R&D tax credits in education

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Development

The development of online platforms which aim to have a seamless learning experience online that can teach, assess and help students as well as teachers.

Integration

The integration into VR and AR which allows a more fun and easy learning approach for students where they have a much more academic approach.

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Portals

Creating a platform for teachers where they have one specific place for all their admin needs. For example, the register, marking, reading assignments and setting tasks or homework.

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Advancements

Advancements in mobile learning (m-learning) or e-learning (the use of technology) to provide a bespoke and professional software that advances what is already there. For example, an app where students can ask teachers issues with their homework or locate resources.

Costs Which Don't Qualify

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

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Rent

Rent does 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 for your R&D claim. For example, making a website or a campaign that is set to broadcast what you have developed 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 R&D Tax Credits.

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Assets

It is crucial to remember that fixed assets are not eligible under the current rules, although they may be heavily involved in the R&D process. Intangible assets have some exceptions, but we can give you expert advise on this.

How much could you receive in

Education R&D Tax Credits?

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

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Find out how simple it is to claim R&D Tax Credits in the Education sector 

Start Your Claim With Counting King Today!

Don’t hesitate on starting your claim. The government would like to say well done for your innovate hard work so check if you could be entitled to the money they are offering to support your business. With the Counting King simple process, we will go through if you are eligible and if you are we will go through the process and work out the amount you can claim.  It is a process we are experts in and will take the lead on producing for you.

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Quick Q&A

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

In 2020, there were only 560 claims processed by HMRC for the Education sector, however with e-learning and m-learning on the rise, this is the perfect time to begin your R&D Tax claim.

On average you could receive £35,398 for your successful claim based on current statistics.

Where do we start? You can claim for:

  • New platform for learning 
  • New, bespoke equipment development
  • Innovating new admin facilities that will enhance workflow
  • A portion of your utilities bill
  • Subcontractors (up to 65%)
  • Reimbursed expenses

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;

  • Attempting to fix an issue with an app that does not meet your software requirements however being unable to resolve the issue
  • Managing environmental factors, decreasing your carbon footprint during  your software/app development process 
  • If a piece of technology that was set to reform a learning platform, however still needs work to create

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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