R&D tax relief case studies > Veriserv Ltd
Industry: Monitoring solutions
Although initially unsure that they would qualify, GovGrant identified different projects which could be claimed under large and small company R&D Tax Credit schemes
As a GovGrant client since 2010, Veriserv have successfully recovered tax free cash to the business of more than £100k
Veriserv provide comprehensive compliance monitoring and reporting solutions for a range of different professional services including electrical, fire and mechanical. They provide IT tools that enable test engineers to inspect and report efficiently.
Although initially unsure that they would qualify Veriserv had developed new software and data collection devices for their on-site engineers that allowed them to communicate in real time with our central database. GovGrant identified that a significant amount of eligible R&D had gone in to the development of this new capability.
The GovGrant technical specialist interviewed the technical development team and collected data from the company’s accountants before preparing a claim that was submitted along with the year-end tax return.
Claiming these R&D tax credits allowed Veriserv to run a much more extensive program of development and helped improve the quality and accuracy of their management information systems and the service delivery.
As a GovGrant client since 2010, Veriserv have successfully recovered tax free cash to the business of more than £100k.
“My words of advice would be; you may think that only scientific or manufacturing type companies qualify for R&D tax credits but that couldn’t be further from the truth, as every kind of business implements new processes, procedures and systems that are highly likely to attract the Tax credit. We paid on a no win, no fee basis, so we had nothing to lose and everything to gain.”
Martyn Jupp | Chief Executive Officer,
Veriserv Ltd
