R&D Tax Credits for Software and Technology Development: £45,000 in government funding claimed by television broadcasting company under HMRC scheme.
This case study delves into another successful claim for Research and Development (R&D) tax credits, worth £45,000, in the broadcasting sector.
The client in this example is an innovative interactive religious television channel.
The broadcasting company made an R&D claim relating to three projects that were undertaken. In the first instance, the client developed a bespoke CRM custom payments integration. This involved building a CRM platform for sales tracking and customer data, integrated with PayPal and JustGiving, facilitating customer payments.
By developing an in-house CMS and user platform, the client enabled staff and volunteers to update content. They were able to do so through a centralised user portal and interface.
Lastly, the client developed a digital box for content consumption which allows viewers to interact and provide feedback in real-time. This is the first solution of its kind to offer such a functionality.
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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. In another common scenario, businesses do not receive 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.