Our client is a Leeds-based company that specialises in the development of innovative technology solutions. In 2021, the company approached us to help them with their R&D tax relief claim under the Research and Development Expenditure Credit (RDEC).
Our team had the privilege of working closely with this company to help them claim R&D tax relief under the Research and Development Expenditure Credit (RDEC) scheme. We dove deep into their R&D activities to identify all qualifying R&D expenditures, including the development of new algorithms, testing and validation, and the integration of the software with existing systems.
How We Helped
Afterwards, our team worked closely with the company to understand its R&D activities and identify all qualifying R&D expenditures. We prepared a detailed report to support their R&D tax relief claim under the RDEC scheme.
The report provided evidence to demonstrate how the company’s R&D activities met the criteria for RDEC, including:
- Technical uncertainty: The development of the new software application involved significant technical uncertainty, including the development of new algorithms and the integration of the software with existing systems.
- Advancement in technology: The development of the new software application resulted in significant advancement in technology, enabling the automation of manual processes in the financial services industry.
- Scientific and technological expertise: The R&D activities required the application of advanced scientific and technological expertise, including machine learning and artificial intelligence.
Thanks to our expertise and close collaboration with the company, they received a substantial R&D tax credit which they used to invest in their business and continue developing innovative software solutions that push the boundaries of what’s possible.