Successful R&D tax claim rewards fleet management business that completely transforms business with software initiative.Speak to us
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A Yorkshire based fleet management company have benefited from a cash boost of over half a million pounds following a successful claim through HMRC’s R&D tax incentive. RDS identified that the development of a new piece of bespoke software created to streamline their processes was eligible for tax relief. The team of financial analysts at RDS were quick to identify numerous costs from the software development project that would qualify for tax relief and the firm has been able to take part in the scheme over several consecutive years, culminating to a total of £500,000.
Fleet Director, Fraser Maclean, admits he was initially sceptical, “I was a bit dubious at first I have to admit - when you first look at it you think, ‘oh we’re never going to get much from that’, but the amount we were spending on the new software system was a considerable investment, so we decided to look a little closer.
“When we spoke to RDS they gave us the reassurance that this is an incentive the Government is keen to push. Because we had a legitimate development that was already underway to improve the business, we decided to see if we were eligible.
“The software has completely transformed our business. Previously we would have had six different systems to do the same job but now everything is synchronised together in one place. What it has allowed us to do is continually improve and develop the software and really invest that money back into making our business even more efficient.”
Use our handy R&D tax relief calculator to find out how much you could be claiming back.R&D Calculator
At RDS we have helped over 800 companies successfully claim. Below is just a sample of some recent R&D tax credit claims we have completed.