2022 was a busy year across IT and Telecoms, with successful R&D in software being increasingly critical. R&D is increasingly associated with technology and is a leading factor in most claims.
The first software in R&D thought leadership this year was in reaction to upcoming changes first announced in the Budget 2022. Our technology sector lead, Michael Eghan, wrote an article outlining the changes to the relief scheme specific to the software sector. Specifically, the article draws attention to the expansion of the scheme to include certain activity that was not historically claimable: data and cloud computing. Furthermore, the piece draws attention to the Government’s plan to limit relief for subcontractors that operate outside of the UK, which is a popular process in among software companies.
A few months later in July, another senior consultant, Iona Fox, wrote a piece on the all-important topic of artificial intelligence. Without any doubt, one of the most important trends in R&D in technology and software is artificial intelligence. AI in the UK is gaining traction and Fox argues the UK can claim to be among the world’s leaders in this field. The article looks at where most of this adoption is happening, its use in cyber security and healthcare, and how business can make their AI projects a success.
In November, the innovation team published a new whitepaper taking a deep dive into R&D in software entitled, “Transformative Technologies: The shape of what’s to come from AI, blockchain and quantum computing”. As the title suggests, the whitepaper looks at these three key buzzwords in technology, which are increasingly present within and relevant to businesses and their R&D activity. It explores some of the promising applications, the reconfiguration of the internet, cyber insecurity, trustworthy AI, among other things.
Once again, our technology experts in this sector branched into a sector specific webinar this year. Tom Roberts and Tom Bowker planned and hosted a webinar on R&D in the LegalTech sector in December. The two hosts discussed all things innovation and LegalTech in conjunction with the LegalTech Association, including the current state of affairs and regulatory changes to the R&D tax relief scheme.
Stay tuned for more next year.
Notes to Editors
Ayming is a leading international Business Performance consultancy and has a global footprint. The Group is present in 15 countries: Belgium, Canada, Czech Republic, France, Germany, Ireland, Italy, Japan, Netherlands, Poland, Portugal, Spain, Slovakia, the UK and USA with a staff of approximately 1,300.
In the UK, Ayming helps businesses to improve their financial and operational performance through innovation, tax, and HR performance.
Annabel Rivero, Aspectus Group
+44 20 7242 8867