Retail & E-Commerce
Datafox specialises in making R&D Tax Credit claims for those in the Retail sector
Retail & E-Commerce
Datafox is an expert in making successful R&D Tax Credit claims for those within the Retail Industry
Looking for a great funding solution?
The retail sector is a crucial part of the UK economy. It includes around 300,000 different businesses and employs over 3 million people. Before the pandemic struck, retail sales in the country were worth approximately £440 billion, with the maximum amount coming from food, clothing, fuel, and household goods, respectively. Even though the pandemic has adversely affected the retail industry and led to a drastic decline in sales, early signs indicate that the sector will bounce back and reach pre-pandemic levels sooner than expected. While several areas within retail and wholesale are undergoing a remarkable transformation, one particular area of innovation that has contributed to the rapid growth and recovery of this industry the most is e-commerce.
Despite involving extensive R&D and technological advancement, the retail sector often misses out on R&D Tax Credits. The majority of the large retail companies and many smaller ones invest large sums in R&D to develop innovative software and digital solutions that improve the selling process, stock management and security of online retail. As businesses need to overcome several technological challenges while developing such creative e-commerce solutions, they are often eligible to receive funding through the R&D Tax Credit scheme. Some areas of retail innovation that may qualify include:
- Development of bespoke e-commerce platforms
- Improvement of the existing or development of new integrated systems of stock and account management
- Development of inventive data analysis and data encryption solutions
- Development of secure worldwide payment gateways
- Design and development of innovative, eco-friendly packaging materials and products
- Development of Blockchain technology to make supply chain better and more cost-efficient.
Why Choose Datafox for Retail related R&D Tax Credit Claims?
The R&D Tax experts at Datafox specialise in writing and processing R&D Tax Credits for the retail and e-commerce industry. We work with you to identify all the qualifying costs associated with your retail R&D and write a compelling claim to help you gain maximum cashback or tax relief for your innovation. We offer a quick turnaround time and work on a NO-WIN-NO-FEE basis, with no upfront costs.
Innovation in Retail
Whether it’s building bespoke e-commerce platforms and software, integrating multiple systems, or improving existing products and processes, R&D and innovation in retail and e-commerce could fetch businesses substantial funding. However, it is imperative to identify all the opportunities while making an R&D Tax Credit claim to receive the maximum potential payout. That is when having an expert like Datafox can help. From checking your eligibility and providing the appropriate guidance to identifying qualifying costs and writing the claim, the R&D Tax experts at Datafox take care of everything for you. Simply get in touch with our team on 0800 035 2510 or email us at firstname.lastname@example.org, and we will make sure you receive the cashback you deserve!
Ready to apply?
If you’re ready to apply for your R&D tax refund, please call us on the freephone number below or use this contact form and one of our helpful team will be in touch to help.
By completing the above contact form you consent that Datafox can contact you with regard to an R&D Tax Credits claim and use your details during any future claims.
Stuff you need to know
Find out how DataFox recently helped Five Dot Botanics receive funding for their innovative cosmetics through the R&D Tax Credit scheme.read more
Learn how R&D is driving innovation in the motorsport industry and other important sectors.read more
Find out how small businesses can benefit from the government’s R&D Tax Credit Scheme.read more
SKNHEAD Case Study – Impossible Made Possible
Innovation and versatility are not easy to achieve when it comes to cosmetics, but SKNHEAD managed to attain both in their exclusive range of unique male skincare and grooming products. Developed with tireless precision by celebrity hairdresser Adee Phelan, the SKNHEAD range includes a variety of grooming essentials for men such as a shampoo, styling clay, a toner, hair pomade, a hair styling spray, a foaming cream and the most cutting-edge 4-in-1 skin moisturising and hair treatment cream designed to work on tattooed skin, face, beard and hair.