We find qualifying R&D in the way that retailers and wholesalers are responding to client demand. It is apparent in the development of sophisticated customer facing e-commerce platforms. But also in the backend interfaces that need to communicate with stock and accounts systems, where an off the shelf solution is not available and bespoke software is required.
We also see innovation in the development of Apps, where an existing off the shelf App has to be modified or have additional code written to allow it to communicate with other previously untried software packages or databases.
This sector includes the following types of business.
Yes, retailers can claim under either scheme depending on their size and other deciding factors. Of the R&D tax relief claims made in 2018-19 so far, 91% of them were under the SME scheme equating to 66% of the value claimed.
Yes, retailers that have already claimed for R&D tax credits might find that they could claim even more by applying for the Patent Box scheme. In 2018-19, so far, 240 companies claimed under Patent Box, totalling £19 million in benefit.