Establishing and defining qualifying R&D in the context of software development can be challenging. The perfect user experience –a holy grail for software developers – may not necessarily be an advance in science and technology (at least in terms of HMRC’s definition).
Here’s an equation:
If ‘X’ is the huge amount of R&D in software development.
And ‘Y’ is the HMRC support for R&D through R&D Tax Relief.
Then:
X + Y = You will get tax relief on your R&D.
Happy endings? Well, not necessarily!
HMRC’s definition of R&D isn’t the same as yours.
Confused? Don’t worry – our guide will help you find the answer.
Click here to download our Insider Knowledge Guide to Eligible R&D in Software