The technology, information and communications sector is a very innovative one, making it well-suited to the R&D tax credits scheme. In fact, in the latest government data, the information and communications sector came second only to manufacturing in the number of claims made.
If your company is involved in developing new systems, software, security techniques, data processing methods, AI, and more, your business will likely qualify for R&D tax credits.
A wide range of businesses are included in the technology, information & communications sector, including:
A thriving area in the technology sphere which has seen significant innovation is software development. R&D tax credits for software development are available if you are developing new products, services or processes, or making improvements to current ones. If you’re developing software to overcome a technological uncertainty, introducing new software or systems, or improving on current software or systems, this type of work is often eligible for software development tax credits.
Common areas of software development that your company may be involved in include:
R&D in information and communications comes in many forms, not least due to the variety of work in this sector. Research and development for a newspaper publisher can look very different to research and development for a wireless telecommunications company. Some examples of potential R&D projects in information & communications include:
This is by no means an exhaustive list. Our experts can help identify which of your company activities are eligible when it comes to R&D tax credits for information & communications. We will then guide you through the rest of the process, creating reports and submitting your claim.
Our team has a wealth of business experience working across many sectors. If you have any questions about R&D tax relief, don’t hesitate to contact us.