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Software

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Software businesses that are solving technical challenges may potentially qualify for R&D Tax Credits. The initiative allows businesses to claim up to 33% of their costs back in the form of a cash injection or reduction in their corporation tax. It rewards businesses based on the time spent of their technical staff solving unique problems, allowing them to enhance their knowledge. Businesses can look back 2 retrospective financial years and claim upon costs such as PAYE, NI, Pensions, Software Licences to name a few.

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Examples of R&D

  • Building new tools or improving existing software tools 

  • Extending the functionality of multiple technologies

  • Enhancing software to work on handheld devices 

  • Integrating or extending multiple platforms

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