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. 

4 Project Examples

Find the 4 most common claim areas in software development 

Counting King Manufacturing Sector Specific R&D

Cyber security

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

Integrating applications

Integrating applications that 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.

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AI

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

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 Software and Technology 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 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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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

Software and Technology Tax Credits

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

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Download our R&D Tax Relief Information

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

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!

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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 made an advancement to software meaning that your processes are now more efficient and you can now perform a new function. As long as the amendments are bespoke and improve your whole sector, you can claim for costs incurred during your R&D process. 

In 2020, there were 10,045 claims processed by HMRC for the Software and Technology sector, and on average you could receive £77,153 for your successful claim based on current statistics. The whole sector claimed £775m last year so you can really tell that it’s worth putting your claim through. 

Where do we start? You can claim for:

  • Development of new systems
  • New, bespoke equipment development
  • Innovating new packaging options
  • 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 machinery that does not meet your manufacturing requirements however being unable to resolve the issue
  • Managing environmental factors, decreasing your carbon footprint during your manufacturing process 
  • If a recipe or cleaning product didn’t work as well as you anticipated and didn’t provide you with what you needed

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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