Our technical expertise enabled them to identify the innovation and technical risks associated with the project activity which is essential for a robust R&D Tax Claim.
We were commissioned by a large US software company to undertake an R&D Tax Credit assessment for their UK operations employing some 500 R&D staff across multiple sites. The timing of the project enabled us to undertake the review covering a three year period, having to meet tight timescales to ensure key information could be provided to HMRC in a timely manner to fit with tax year end dates.
We adopted a very hands-on approach to the contract, an outline of the process follows:
- Identify departments undertaking research and development activities
- Rank departments by both labour spend and head count to identify where to focus effort
- Undertake interviews of key department staff (project managers, senior developers and product managers) to enable TBAT to assess the projects undertaken, level of innovation and pertinence to R&D legislation
- Interviews were held to cover in excess of 70% of the staff
- We liaised with HMRC to agree a defined report structure
- All the interviews were written up and the financial analysis undertaken
- A final report was collated for presentation to the customer and HMRC as evidence to support the R&D Tax Claim
Key to the success of the project was our team undertaking the staff interviews and then writing them up for final edit by the client staff. This enabled staff to focus on their day to day work and not be side tracked by the R&D tax activity. Our technical expertise enabled them identify the innovation and technical risks associated with the project activity which is essential for a robust R&D Tax Claim.