Is your business working on an innovative project in the financial technology sector?
Financial technology services (FinTech) is an emerging industry that uses technology to enable, enhance or automate financial services and processes, competing with traditional financial methods in the delivery of financial services. From mobile banking and insurance to cryptocurrency and investment, FinTech is a large area for research and development. As the demand from both consumers and businesses grows, this innovation rich sector is fast becoming a prime candidate for the R&D Tax Credit scheme.
Latest HMRC Statistics - Financial Services*
What qualifies as R&D in the FinTech sector?
The R&D tax credit scheme rewards any company whose work seeks to resolve a ‘scientific or technological uncertainty’. Qualifying activities may include:
Why Work With Libcus?
The R&D tax relief scheme is extremely rewarding but also a highly technical and complex process. With extensive experience working within this field, we are uniquely positioned to help FinTech companies and related industries claim for their innovation.
At Libcus, we take a supportive approach to guiding our clients through the entire claims process. We offer regular visits to your premises (where required) to discuss and review R&D activities to ensure we maximise your benefit. Additionally, we undertake as much of the R&D claim work as possible from identifying eligible projects, through to writing technical narratives, and calculating difficult R&D calculations.
We take time to assess your business and would never submit a claim without being confident of its outcome. However our support doesn’t end when we submit your claim. Our fee structure includes full enquiry support should your claim be investigated by HMRC.