Software R&D Tax Credits
The software industry, perhaps more than any other, is driven by innovation. Developing new products, or improving existing ones, is a vital part for any software company’s operation. Of course, there is a risk attached to developing any new product. Often, it involves significant outlay, which may put some companies off investing in new software. This is where RandD Tax comes in. We will help you claim R&D tax credits for software development, which can cover many of the costs of developing new products. These include:
- Staff costs
- Sub-contractor costs
Can I claim software R&D tax credits?
If you aren’t sure if you are eligible for R&D tax credits, there is a simple way to find out. That is to contact us.
The team of experienced tax consultants will work with you to identify if you can claim tax credits. We will identify the scheme to claim under and we will keep you updated throughout the whole process, from beginning to the claim through to payment.
To be eligible to claim R&D tax credits for software development, you must be:
- A UK company that pays corporation tax
- Have carried out research into new products or processes
- Have spent money on this research
RandD Tax offer a FREE ASSESSMENT to make sure you can claim. We also offer a full tax consultancy on a no win, no fee basis.
How do software R&D tax credits work?
If your company spends money on developing new software, you may be eligible for software R&D tax credits.
This can either take the form of a cash payment or reduction in corporation tax.
To begin your claim, all you need to do is contact us today. RandD Tax are here to help you fund your innovation and develop new software.
You can also keep up to date with the latest tribunal decisions about software R & D tax credits claims. Or read our latest guide to unlocking software R & D ax credits claims.
Get in touch today regarding software R&D tax credits