Datafox has ratcheted up its campaign to ensure that telecoms companies receive the tax relief they are owed under the Government's R&D scheme.
"Telecoms companies and resellers are missing out on significant amounts of available tax relief and tax credits owed to them by HMRC for work carried out that qualifies as R&D," said Jonathan Leefield, Director of Datafox.
The R&D scheme is the single largest support for UK business and was developed to encourage UK businesses that carry out R&D as part of their strategy to remain innovative and competitive.
"We are increasingly discovering new opportunities for businesses within the telecoms industry to claim R&D tax relief they simply aren't aware they can claim on," added Leefield.
"The perception seems to remain that R&D must involve a form of lab research. However, the reality is very different. For example, many companies have pursued successful claims for software development such as developing an internal CRM system, even where this development is not their core business."
Datafox's team has successfully claimed between £35k and £950k for clients with average claims this year totalling approximately £100k.
"Companies can only claim on their previous two years filed accounts, so delays in claiming means businesses could potentially miss out on tens, if not, hundreds of thousands of pounds," added Leefield.
Many telecoms firms fall under HMRC's small business scheme (less than 500 employees) and will see a return of 26% of relevant costs if their accounts show a profit (33.35% if loss-making). Large companies can claim 8.8% tax relief.
Leefield noted that Datafox's team has handled many claims within the telecoms industry in areas such as software development and bespoke software adjustments, billing platforms, customer dashboard and client interfaces, cloud technologies, next generation networks, cyber security, data trafficking and data centre management, along with technology updates for compliance.
To help comms companies make successful R&D claims Datafox has also launched a new partner programme for dealers and resellers including referral opportunities.
Leefield added: "We offer telecoms dealers an opportunity to refer business for R&D claims and add important revenue streams to their existing suite of services, with Datafox taking care of all the work preparing and submitting the claims."
"So far, our team has managed over 300 successful claims in across range of industries and sectors."
www.data-fox.com