RD Relief
R&D Tax Credits London
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.
Contents
Overview of R&D in London
For many years, London has maintained its position as one of the worlds of the most innovative global hubs# because of the success of its companies to invest in Research and Development to advance capabilities and drive market advantages.
At RD Relief, we have found every major field of R&D in science and technology is being undertaken in some form within the capital. This page will provide examples of the types of R&D we have found in the capital.
Online Claim Supported by Local Experts
RD Relief's Cloud-Based platform is revolutionising the R&D Tax Credits claim process.
Companies across the UK are eligible to use the RD Relief self-service claim platform, but (if required) our R&D Tax Credits experts in London will be there to provide a helping hand.
Please get in touch to speak with one of our R&D Tax Credits experts about your claim.
How Much Are R&D Tax Credits Worth?
Estimate Your Claim Benefit
| Simple Calculator | More Accurate Calculator | ||||||||||
Does the company (including other group members), have more than 500 employees? |
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| Yes | No | ||||||||||
Financial Position? |
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| Profit Making | Loss Making | ||||||||||
Accounting Treatment of the R&D Costs? |
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| Mostly Expensed to the P&L | Mostly Capitalised as Intangibles | Mostly Capitalised as Tangible Fixed Assets | |||||||||
Which of the following best describes what you are developing? |
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| An asset of enduring benefit to the business | A product, or something that will contribute to a product | ||||||||||
Are you a Services Company? |
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| Yes | No | ||||||||||
Estimated spend on R&D Activities? |
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| £50,000 | £200,000 | £500,000 | £1,000,000 | ||||||||
R&D Tax Credits for Retailers in London
Main article: R&D for Retail Projects
London is the proud home to a large number of very successful retailers. We have found examples in London where the Retailers are developing new and extending existing logistics, point of sale and eCommerce systems with completely new capabilities. Although these are just a few examples of the areas we have found to be highly eligible as R&D for Tax purposes in the capital, there is much more going in within Retail technology in the capital.
Find out more about R&D for Software Development projects.
East London Tech City
Since 2010, the economic strength of 'silicon roundabout' increased year on year and the London-based technology companies have collectively raised $5.2 billion of venture capital funding. Typically, we find these companies are very R&D heavy and we have been able to maximise claims, by including staff and contractors who were not directly undertaking R&D activities themselves but were required as part of a wider R&D project (please don't hesitate to get in touch to find out more).
Fintech R&D in London
40% of London's workforce is employed in financial and technology services (Fintech), with the city widely acknowledged to be a major FinTech hub at a global level. On a daily basis, new innovations in cryptocurrencies, encryption and automated trading are being undertaken within the capital. This however, is far from where the FinTech R&D for tax purposes within the capital ends. Where companies are changing their legacy software and integrating their systems with other technologies, then there are large R&D tax relief claims to be made.
Canary Wharf
Since the early 1990s, Canary Wharf has rapidly expanded, quickly becoming one of the UK's main finance centres. It is probably little surprise that RD Relief has found Canary Wharf to be a hotspot for the development of cutting-edge FinTech often developed to support the cutting-edge banking and trading systems. Typically, where developers are seeking to lower the latency of technology (for example, in algorithmic trading, there is a constant battle to do more processing in less time), or increasing throughputs or security of platforms, then this type of work will be qualifying. We find that this is the type of R&D that is happening every day in Canary Wharf.
The 'City of London'
Like Canary Wharf, the City of London is a global powerhouse for the Financial Services. Through our extensive experience, we find that this typically goes hand in hand with the undertaking of FinTech software development projects that qualify for R&D Tax Credits, as the various industry leaders (and new market disrupters) attempt to develop new software to gain a competitive advantage. Also, see the London page for more general information about R&D Tax Credits across London.
About Us
RD Relief is the advanced online cloud platform that helps clients across the UK to prepare maximised R&D Tax Relief claims.
We bring together advanced cloud-based software with leading industry experts in London (and across the South East) to simplify the process, lower the cost and increase the quality of deliverables.
Find out more about our unique claim process or calculate how much a claim could be worth.