£40k R&D tax repayment to a market leader in transport data collection services - Wilson Partners

£40k R&D tax repayment to a market leader in transport data collection services

The Problem

Our client offers a bespoke software solution supplying transport data collection services to clients. This software uses real time ANPR (automatic number plate recognition) data which includes many unique features to assist their clients in the rail, healthcare, education, public transport, highways and aviation sectors. The information generated for both the public and private sector includes providing data to help drive efficiencies, maximise highway capacity, reduce congestion and improve users’ experience of their chosen transport route.

We approached the company as we identified them as a software leader in their industry and raised R&D tax credits as a possible way to see some cash return from their investment. Their current accountants had not identified the possibility of R&D tax reliefs being available to the company.

The Solution

We were confident that the products and services offered by the client would fall within the R&D tax relief criteria so our tax team set to work with their existing accountants. Working closely together, all financial data was provided to HMRC in order to make a R&D tax claim. HMRC did not query the information provided and our client received a tax repayment of £40K.

Our 100% success rate with R&D tax claims meant we were confident that we would achieve a satisfactory result for our client. Understanding that the client had a perfectly happy relationship with their existing accountants meant we were able to provide the expertise to them without any issue. We appreciated that the client recognised us as an expert in the R&D tax claim field.

The Director of the transport data collection company said:

“Our existing accountants did not feel comfortable with R&D tax claims, so we are exceptionally grateful for Wilson Partners and their intricate knowledge of the legislation surrounding this element of the tax system. Thank you for achieving us such a large sum as a tax repayment!”

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Our 100% success rate with R&D tax claims meant we were confident that we would achieve a satisfactory result for our client.

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