R&D Tax Credits Leeds

The software underpinning RDRelief was sold to one of the big-4 professional service firms in 2018. Consequently, the brand is no longer in operation.

• R&D Tax Advisors are invited to find out more about the Inspired.tax claim preparation software.
• Otherwise, please feel free to continue to browse this website for useful information regarding claiming R&D Tax Credits in the UK. However, beware that none of the information has been updated since 2018.

Figures published in June 2017 revealed that Leeds has the fastest growing legal sector in Britain - with a growth of 20% between 2010 and 2015 (compared with a growth of 5% in London and a decline of 7% in Manchester).

R&D tax credit claims for financial services companies in Leeds have been common since the first release of the UK R&D guidelines in March 2004, but legal firms have traditionally been less likely to claim R&D tax relief. This is partly owing to many such firms being structured as LLPs, which are not corporation tax paying, and thus not eligible to claim R&D tax credits. However, where legal entities have corporate tax development arms there is a key opportunity for a claim. Please get in touch to find out more

Leeds host the headquarters of a number of successful retailers, many of which that developing proprietary software architectures and integrating technologies in new and unproven ways. These are areas we have found to be highly eligible as R&D for Tax purposes. Find out more about R&D for Software Development projects

Leeds has a very successful FinTech sector. Our R&D Tax Credits experts have helped many FinTech companies prepare claims and have found that companies are often developing cutting-edge capabilities, especially for trading, brokerage and retail banking systems. We often find that the development of FinTech software gets missed, as companies incorrectly assume that the criteria are looking for more rocket science type activities. However, improving legacy finance systems and integrating software systems typically qualifies, but see the eligibility criteria for the official guidance and our opinion on what qualifies.

Within Leeds alone, our R&D specialists (who were former industry experts) have found highly eligible R&D industries including:

• A small travel agency - through the software development of a holiday booking system
• A cheese factory - through the development of culturing machinery which worked in a fundamentally different way to equivalent technology

Thorpe Park is a significant and rapidly increasing business park on the east of Leeds city centre. Already hosting over 4,500 employees, plans are in the pipeline for another 10,000 workers within the next few years. We have found that many of the businesses within the park are undertaking work that qualifying for R&D Tax Credits through their software development projects (many of these businesses did not previously know that they were undertaking work that would qualify for R&D Tax Credits).

RD Relief is extremely proud to headquartered in the city of Leeds. Our team have undertaken R&D tax credit claims for many local Leeds clients and have strong connections with businesses across the wider Yorkshire region. Please get in touch to find out more, or to find out more about RD Relief and our offerings.