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Published on 15 February, 2024
In this piece from Accountancy Today, Duncan Edwards, senior tax manager at Markel Tax, shares his views on the challenges and pitfalls of claiming research and development (R&D) tax relief for software solutions.
Duncan explains the need for clear identification of genuine innovation or improvement in the development. The importance of not using language that is too technical on submissions is also highlighted as well as the nature of the technical documentation needed to support claims.
Duncan’s valuable guidance offers practical advice for successful R&D tax relief submissions, ensuring those that are for authentic innovations have the best possible chance of success.
Read the full article here.
Find out more about Markel’s R&D offering.