RDS - Sectors - R&D Tax Credits – Software & IT
We rely on software and IT more than we ever have done before, which is why a growing number of businesses are focusing on researching, developing and implementing exciting new projects. R&D tax credits for software and IT are there to support businesses in the industry that are focusing on innovation by reducing the cost of corporation tax.
No upfront fee
We only bill when your claim is successful
£55m+
Unlocked for our clients
£7.6bn
Claimed by UK businesses in the 21/22 financial year
It’s hard to imagine where we would be without software and IT developments, and innovation has played a big part in where we are today.
Of course, this isn’t going to change anytime soon, and innovation is something that a lot of software and IT businesses are focusing on. Some businesses are researching the impact of AI, whereas others are developing more efficient ways of completing business processes, and many are creating automation software. When it comes to software and IT, the sky really is the limit. Regardless of what your business is doing, you could be entitled to claim R&D tax relief for software and IT.
At RDS, we work on a ‘No Win No Fee’ basis, meaning that you can claim R&D tax credits in a way that is completely free from risk. We are here to help you establish your eligibility, to guide you through the process and to finalise your successful claim.
Use our handy R&D tax relief calculator to find out how much you could be claiming back.
Please find below some examples of activities that qualify as R&D expenditure in software and IT.
Please find what you can include in your R&D tax relief claim.
an element of staff salary costs as well as employer’s NIC & employer pensions costs relating to employees’ time whilst actively engaged in research and development projects.
carried out by third parties on your behalf relating to the R&D.
used directly in R&D including prototyping and concept development costs.
where the software is required to enable the process of R&D.
related in specific proportions to the R&D projects.
where these costs occur in order to enable your R&D to occur.
We have helped businesses across a range of sectors claim R&D tax credits for their innovative work.
MANUFACTURING
CONSTRUCTION
ENGINEERING
TECHNOLOGY & COMMUNICATIONS
AGRICULTURE
FOOD & DRINK
ARCHITECTURE
SCIENCE & MEDICINE
SOFTWARE & IT
AEROSPACE
DEFENCE & MILITARY
PHARMACEUTICAL
An initial phone call or face-to-face meeting is typically the first step, so that one of our Business Development Managers (BDM’s) can discuss potentially qualifying R&D projects with you & explain the activities that can be included within an R&D claim.
Following a successful eligibility check, our team will officially engage with you & request the straightforward financial information required from you and your accountant in order to analyse the R&D costs. A report call / meeting will also be carried out so that a justification report can be created.
Once the claim financials and report have been completed, our team will liaise with you to discuss the final claim and get feedback from you & a confirmation that all eligible activity has been included. Following the review and claim sign off, we will submit the information to your accountant.
One of the benefits of our approach is that we don’t tread on the toes of your accountant by taking over as your ‘agent’ with HMRC. We pass over the completed claim info to your accountant so that they can alter your corporation tax return (CT600) to include the figures, and also attach the report for HMRC.
With three UK office locations we are always on hand for a call or to meet in person. Start your journey with RDS today.
