Our client is a software publishing company based near London that develops enterprise solutions for medium to large businesses in the UK and abroad.

The company uses the latest programming language and development methodologies to produce software that allows clients to integrate diverse areas of their business processes.

The Challenge

The innovative and fast-changing sector in which the company operates means it is continually developing new prototype solutions. While the company had previously submitted R&D tax relief claims that were successful, it wanted to make sure that none of the innovation investment that would qualify for tax relief was being missed.

The Project

Taxar Partners began by meeting senior management to find out more about the complex nature of the company’s prototype development activities, the technology it used and the industry trends.

In the next phase, we discussed with the client how the prototype development work fitted in with its strategic objectives and how it impacted on its position in the software development industry. The company has a team of specialist software engineers, architects and testers who keep it at the forefront of this highly technical industry. Critical to the fast-paced growth of the company has been the production of high quality, scalable software that has made a real difference to its client operations.

Market demands and the company’s strategic objectives helped signpost the way to optimising the company’s innovation opportunities and therefore future potential for maximised R&D tax relief. Our technical specialists worked closely with the company and their specialists to produce a robust report, setting out in detail the innovation activity in order to facilitate R&D tax relief claims.

The Outcome

Through our partnership, the company saw an uplift in corporation tax relief by over 30% for each of the two claim years. By identifying and then understanding the risks associated with investing in new cutting-edge technologies as well as the allocation of resources, the company became more confident and consequently more innovative.

Continuous consultation between ourselves and the company added to the reliability and predictability of the process, ensuring confidence that R&D tax relief claims would be maximised in the future.