Identifying 220% increase in qualifying R&D expenditure for software developer Solution 7
“Ayming UK’s specialist expertise resulted in a significant uplift to Solution 7’s R&D Tax Relief claim. They were able to deliver a comprehensive review within a tight time scale and their work has been highly valuable to the business.”
- Simon Miles, Managing Director, Solution 7
Solution 7 combines market leading off-the-shelf software solutions with internally developed software, in order to create bespoke and innovative software solutions for its clients.
The Company is highly innovative and had already made a claim for R&D Tax Relief when they engaged with Ayming UK. Innovations were found across numerous projects within Solution 7’s portfolio, including the use of SmartView.
Identifying & Claiming Eligible R&D Tax Benefits
SmartView is a Microsoft Excel-based management tool for accountants, analysts and non-expert users. The tool communicates between Microsoft Excel and a range of financial databases quickly and efficiently. Ayming UK identified SmartView as one of several projects eligible for R&D tax relief.
And How We Helped...
Prior to working with the Ayming UK R&D tax team, Solution 7 put in a claim for R&D Tax Relief, identifying £38,293 of qualifying R&D expenditure.
Ayming UK’s review identified £122,694, representing a 220% increase on the original claim.
This resulted in a cash refund of tax paid for Solution 7 amounting to £17,636.