Research and Development Tax Credits in IT and Software | Green Jellyfish

R&D Tax Credits in IT & Software

Want to know more? Contact our team of experts today and see how much your claim could be worth!

So, what is R&D?

R&D stands for research and development. Research & development  is a government incentive designed to boost innovation across multiple industries, including the Software & IT SectorThis is an opportunity for you to reduce your corporation tax bill or receive a refund from HMRC based upon the working hours your business dedicates to R&D. 

If your business is involved in software development, there is a great chance you could benefit significantly from the government R&D Tax incentives. Software is continually evolving e.g. a number of well-established branches continue to do so (AI, cloud, mobile) and new applications for software are developed (e.g. robots, augmented reality, IoT and others yet to come).

The government scheme is designed to drive forward innovation by supporting IT and Software companies who seek to improve or overcome challenges or uncertainties in their products and processes. 

Data from Catax found that although around 800,000 businesses are likely to be eligible for R&D tax relief, just 5-6% are claiming it. This goes to show that the definition of R&D is much broader than most people think!  

How can we help?

Who qualifies for software development R&D tax relief?

Software is continually evolving. Several well-established branches continue to do so (AI, cloud, mobile) and new applications for software are developed (e.g. robots, augmented reality, IoT and others yet to come). 

Any company that is developing software could qualify for research and developments tax credits: 

Software development companies

Typically, a business that has teams of software developers to support other businesses in their software projects.

Software
houses

May create and iterate software, provide Software as a Service (SaaS), business tools or enterprise resource planning (ERP) systems.

Businesses that develop software in-house

Any business that performs a bespoke software development project in-house may qualify for R&D Tax Credits.

Research and Development Tax Credits in IT & Software

If your business is involved in software development, there’s a great chance your innovation could benefit significantly from the government’s R&D (research and development) tax incentives. We have already helped so many businesses grow in the IT & Software sector – so it’s time you took advantage of this scheme! 

R&D software project and activity expenditure

Employed staff costs

Software licensing fees

Subcontractors & agency staff

Utilities and consumables

Overcoming uncertainties

Check out our R&D tax calculator

Work out how much your claim could be worth with our easy-to-use research & development tax credits calculator. Remember we can claim up to two years so make sure you don’t miss out on your innovation funding. 

How does it all work?

It all starts with a free, no-obligation consultation with one of our innovation relief specialists. This means that finding out if you’re eligible won’t cost you a penny. Our specialist will give you an in-depth explanation of what research and development is and what qualifies  asking you for some examples of activities your business conducts that you think may qualify for R&D tax relief.

Once a basic understanding has been established, you will be asked to send across your end of year accounts, CT600, and some other basic information. An estimated figure will be made for your refund – then your claim will be submitted. We have a 100% success rate past this point – your money is guaranteed! 

How it works

Get in touch

Let’s talk about your R&D Claim