The UK’s financial services sector is a significant contributor to the country’s economy, with London serving as a global financial centre. The sector includes various institutions and activities such as commercial and investment banking, insurance, asset management, and consumer finance.
The sector is highly regulated to ensure stability and consumer protection, with the Bank of England and the Financial Conduct Authority being vital regulatory bodies. Financial Services has faced many challenges recently, including Brexit uncertainty, increased competition, and the global COVID-19 pandemic. Nevertheless, the UK remains a hub for financial services and continues to attract investment and talent from around the world.
Ayming Financial Services & FinTech
R&D Tax Relief
Driving innovation in the FS sector
Ayming UK is a leading provider of R&D tax consulting services, helping financial services (FS) and fintech firms maximize their investment in innovation. The UK’s financial services sector is renowned for its innovative spirit and continues to be at the forefront of technology-driven developments in finance. From FinTech and AI to blockchain and open banking, the UK is home to some of the most cutting-edge solutions in the industry.
Despite the challenges posed by Brexit, the UK remains a significant player in the global financial landscape and continues to attract investment in the sector. FS institutions and FinTechs are investing heavily in R&D to stay ahead of the competition, and the R&D tax relief schemes offer valuable financial incentives for these efforts.
By working with Ayming UK, FS and FinTech firms can benefit from our extensive expertise and knowledge of the R&D tax relief and maximize their ROI in innovation. Our team of experienced consultants will help you identify eligible R&D activities, prepare and submit a robust claim, and maximize your tax benefits.
Learn more about R&D in Financial Services
“Ayming has added a great deal of value over the years, strengthening our claim by building in depth to our project write ups and descriptions. Ayming staff speak all the correct languages – both tax and IT – and they have detailed conversations with our in-house technical teams. They also have external industry knowledge which helps us to understand how innovative our solutions are in a wider context.”
Richard Baxter, IT Finance Manager, Hiscox
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