The Results of claiming R&D Tax Credit
Before being introduced to Fiscale, marketing specialists Precision Marketing, were aware of the R&D Tax Credit scheme. However, like many companies, they did not realise how much of their work was eligible for R&D Tax Credits.
Unfortunately, traditional marketing services do not qualify for R&D Tax Credits. This is because HMRC do not consider them to be ‘science based’. However, Fiscale were aware of Precision’s range of services and felt confident that if we asked enough questions, that we would be able to establish eligibility.
This was indeed the case and as a result of a number of meetings, we had identified a significant level of research and development, for their software solutions. Therefore, making them eligible to claim.
Our introduction to Fiscale came at a particularly hectic time, as we were planning our move into a new premises and organising new funding. I am glad that Fiscale stuck with us as the outcome definitely outweighed my expectations! It’s not every day that you receive good news from HMRC!
I know that our case was slightly more complex as our core service is marketing, which is not an activity that qualifies for R&D Tax Credits. However, Fiscale showed a dogged determination to delve deep into the nitty gritty of everything we do and identified that our software development for clients, involved a degree of technological uncertainty. They left no stone unturned and their ability to interpret the HMRC guidelines is impressive!
My advice to any company, whatever industry they are in and whatever they have read or heard about R&D Tax Credits is to speak to Fiscale; they really are the experts.
A short telephone conversation could reap huge rewards for your company!
Matthew Caldwell-Nichols, MD of Precision Marketing
Within two weeks of the claim being approved and submitted to HMRC, Precision Marketing were delighted to received a substantial cheque for their R&D activities. Matthew, Precision Marketings’ Managing Director, was taken aback by the size of the cheque.