Client: Degree 53
Geographic location: Manchester
Qualifying R&D expenditure identified: £691,294
This included costs for:
Tax benefit claimed: £175,000
Serving an international portfolio of clients in sectors including online gambling, finance, sport and education, Degree 53 specialise in mobile app and website development, UX and design and consultancy services.
The Manchester-based digital agency builds complex platforms using new technologies and serves niche client needs such as mobile betting apps and sporting results products.
Degree 53 has a complex ownership structure, which meant that we had to pay particular attention to linked and partner enterprise legislation.
Following 15 months of correspondence with HMRC’s R&D unit, our specialist tax and R&D advisors were able to present a strong case and prove that Degree 53 should be classed as an SME for the purposes of R&D. This was a huge success for everyone involved and secured Degree 53 the extra £100,000 of tax relief, which was the difference between an SME R&D claim and a large company R&D claim.
In total, Champion has helped Degree 53 to reclaim £350,000 in R&D tax relief over the last four financial years.
“Champion have been brilliant for our business. The tax benefit we’ve claimed back through R&D has made a huge difference and changed the way we invest in new technologies. Most of what we do is bespoke development for our clients and it’s great to have an R&D partner that’s focused on us. The entire process with HMRC was lengthy, but Champion stuck at it and were determined to overcome any barriers that prevented us from being an SME.”
Andy Daniels, managing director of Degree 53
Champion Accountants has so far helped SMEs across the North West claim more than £15m in R&D relief – with a 100 per cent success rate.
To see what you could claim, contact David Herd on:
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