Information and Communication

R&D Tax Credit Examples, Hints & Tips To Maximise Value
£ 0
Average Claim
0
Claims Processed
£ 0 M
Amount Claimed

Information and Communication

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. 

4 Project Examples

Below are project examples that would qualify for R&D tax credits in Information and Communication

Counting King Manufacturing Sector Specific R&D

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.

Counting King Business technologies today

Creating

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

Counting King R&D Budget Increase

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.

Costs Which Don't Qualify

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

Rent - blue icon

Rent

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

Marketing icon - blue

Prototypes

If your company has developed a prototype but you aim to sell it on to a client, you will no longer be eligible to claim R&D expenditure for that prototype.

Legal actions - Blue

Patent Costs

The cost of applying for a patent 'IP intellectual property' is not able to qualify under R&D Tax Credits.

Land blue icon

Purchasing 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.

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!

counting king calculator image
counting king estimate benefit

Download our R&D Tax Relief Information

Find out how simple it is to claim R&D Tax Credits in Information and Communication

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.

We have you covered!

Counting King Logo

Blog Articles & News 

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 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 quarter 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

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.

Counting King Client Brochure, Become A R&D Tax Credits Client

Start your claim