R&D within the Software sector
Sector Overview – Software

Within the latest HMRC statistics on R&D tax credits, we can see that 24.8% of all claims made under the SME scheme, were for companies operating in the “Information and Communications Technologies” (ICT) sector. This accounts for 25.9% of the total value of claims.

The average claim value was £51,075.

Research and Development Tax Credits within the the Software industry

By its very nature, developing new types of software involves a high number of technological uncertainties. As a result, software developers must overcome these challenges on a daily basis, as a routine part of their jobs.

Being eligible for R&D tax credit centres around two key areas. You need to be either:

Producing new or improved products.

Design and development of a product involving some degree of uncertainty for which the answers were not obvious.

Modern software is based on “object orientated programming”. This essentially means that each program consists of separate objects or modules that are self-contained programs but which communicate with each other. This allows software programmers to re-use objects or modules for different applications.

Examples of scientific and technological uncertainties in the development of software

Testimonials from our Software clients

  • Fiscale have enabled us to recoup some of the significant amount of investment that we have made (and continue to make), in new and innovative projects for our digital publishing business. This keeps us at the front of our market.

    Mark Johnston, Vetstream
  • Having known little about R&D Tax Credits, it was a surprisingly seamless and painless pleasure dealing with Fiscale. They answered every question swiftly and succinctly. The claim process was transparent and organised. Furthermore, the process allows you to step back and appreciate the innovative developments one does, which sometimes get taken for granted.

    Chris Harrison, Digital Unity
  • Effective Team and does what it says on the tin.

    Richard Orridge, Financial Director, DSSL Group Limited
  • Fiscale are a rare example of a thoroughly professional company, staffed by deeply experienced and pro-active people. A very rewarding pleasure… money from the tax man that we had previously not expected, all facilitated by really nice people.

    Tim Meadows-Smith, New Media Group
  • They are a great team that really got to grips with what our company was all about, very quickly.

    Tim Gifford, ELTjam

Sound like familiar challenges? Call Fiscale Today!

Why not contact us today to discuss your business’ R&D tax relief? It only takes our team around 20 minutes to determine if you are eligible or not.