Would you believe that more than 95% of eligible businesses within the Financial Services Industry are failing to make a Research and Development Tax Credits claim?
There is no doubting that the Financial Services Industry plays a vital role in not just the UK but also the world economy. One of the UK’s largest industries for employment this service sector is often regarded as the powerhouse of the Great British economy. With this in mind, you would expect perhaps, that every penny would count. And yet millions of pounds let alone pennies are being lost by eligible financial organisations failing to claim R&D Tax Credits. The UK Government-backed scheme has been in place since the year 2000 and has paid out more than £9.5 billion to innovative businesses.
Do you have a new financial innovation?
The R&D Tax Credits scheme rewards Financial Services companies that innovate to improve their productivity, performance or competitiveness. The form of the innovation is varied from technology, to developing new products, processes or services; or even enhancing existing ones. If your business is spending money to improve, there’s a case for a successful claim.
Some examples of successful claims processed by Datafox for organisations within the Financial Services Industry:
- Company A developed risk assessment models for evaluation
- Company B developed risk assessment models for evaluation pricing;
- Company C automated manual processing via software upgrades
- Company D developed customer communication reporting facilities
- Company E developed an API for client software integration
Time to process your R&D Tax Credits claim?
Getting started with your claim couldn’t be easier because Datafox provides a simple solution, we do it for you on a NO Win NO Fee basis!
As there are no upfront costs all you need to do is invest a little time to help us gather the critical claim information and then leave the rest to us. Our team of Research and Development Tax Credits specialists keep you updated every step of the process with the average claim taking around 6 to 8 weeks from start to finish. With the ending being a cash back payment into your bank account.