R&D Tax Credits for Internet Services: over £18,000 in government funding claimed by internet services company under HMRC scheme.
This is a case study about a successful Research and Development (R&D) claim worth £18,000. The client created a free price comparison website for the purchase of alcoholic beverages. As a result, they were eligible for R&D Tax credits.
The new price comparison website compiled over 80,000 prices of wine, beer, and spirits from more than 10 retailers. The client was able to provide improved price and stock accuracy, and a process that involved minimal human intervention in collecting and collating data.
In order to achieve this, the client overcame multiple challenges. These included the need to use API and data scraping techniques to extract data and maintain data integrity. Additionally the data had to be normalised before important considerations could be resolved, and accurate comparisons made.
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At R&D Expert, we are increasingly identifying many companies working in the sector that could benefit from this important source of funding. Many more businesses can increase funding for further innovation by claiming as much as they are entitled to in R&D Tax Credits for Luxury Cosmetics product development.
Unfortunately, due to confusion over the government-backed funding, many companies are yet to claim the tax relief or cashback they deserve. We generally see businesses falling into two categories. First of all, businesses that are yet to claim at all as they do not realise they are eligible. Another scenario we regularly see are businesses not receiving the credit they deserve because they have not optimised their previous claims. However, we have many examples of previous success stories. So, it is always worth speaking to a Specialist. Because only the minority of cases are straightforward.
How do I know if my internet services company could claim R&D Tax Credits? Consider:
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We are here to help. If you would like to know more about R&D Tax Credits for internet services or you would like to arrange a free consultation with our team of R&D Experts, get in touch today. We will be happy to discuss whether any innovative projects your company has developed may be eligible for R&D Tax Credits. Apply now or get in touch with us today: firstname.lastname@example.org T:0333 050 3995.