Book a call

R&D Tax Credits in Finance and Insurance

One of the largest sectors in the UK, finance and insurance contributes over 8% of the country's economic output

Book a call

The Juicy Numbers

33 %

of eligible costs could be recovered

£ 300 m+

claimed in the F&I sector in 2021

8.3 %

F&I sector contribution of UK's economic output

98 %

of our claims paid first-time by HMRC

Research & Development (R&D) [rɪˈsɜːʧ ænd dɪˈvɛləpmənt]

Activities that seek to achieve an advance in overall knowledge or capability in the field of science and technology. They should resolve scientific or technical uncertainty, and not be easily solved by a professional in the field…

R&D tax credits in the finance and insurance industry

The UK has long been a world leader in finance and insurance, with a combined market size of around £240bn. The sector has proved extremely resilient in the face of several major national and global economic challenges over recent years and is expected to grow significantly over the coming decade. With growth comes the need to innovate and develop new operations, such as the gathering, analysing and processing of data, artificial intelligence and cloud-based computing.

The Government's R&D tax relief scheme supports pioneering and innovative activities and incentivises economic growth. By using Yuzu Group as your R&D tax credit claim specialist, you will achieve maximum benefit from the scheme and reward your risk and innovation.

Did you know your R&D project does not need to be commercially successful to qualify for R&D tax relief?

Project Eligibility

It is often wrongly assumed that innovation in the finance and insurance industry is just ‘part of the job’ and is not eligible. However, this is commonly not the case, and they realise that lots of activities they have undertaken for years are, in fact, eligible under the scheme. Our specialist tax consultants will do the legwork and uncover every penny of eligible expenditure across your operations.

Projects

Costs

Artifical intelligence
Cloud-based computing
Gathering, analysing and processing data
Telematic devices and data collection

Employee wages, NI, pension contributions and expenses
Sub-contractors, freelancers or agency workers
Subcontracted development or testing
Consumables like light, heat, power and materials relating to the project
Software costs eg. CAD and 3D modelling software

Who qualifies?

You must:

Be a registered Limited company in England and Wales

Have registered for and be liable to pay corporate tax

Have carried out qualifying activities in relation to Research and Development

Have spent money on these activities in the previous 3 years

… your research and development must overcome scientific or technological uncertainty that a professional in the field could not have easily solved…

Many businesses in the finance and insurance sector are amazed at the costs they can reclaim, many of which they've done for months or years and assumed it was 'part of the job'…

Start your R&D Tax Credit journey within the finance & insurance sector

Ready to see the fruits of your labour? Begin your R&D tax credit journey with us now. Whether this is your first time or you've applied before, Yuzu Group has got you covered.

Start Growing Today

About Yuzu Group

We're not your average tax consultancy. Your business deserves best-in-class support teams for your retail or wholesale R&D tax relief claim, and that's precisely what you get.

Using experience in the world's largest consulting firms, our specialist consultants are trained to identify every penny of available expenditure from your retail R&D projects and to create high-quality narratives to accompany your tax credit claim, whether we're revisiting your previous claim or starting a new one from scratch. We know what HMRC want to see in your claim, resulting in our 98% first-time payment rate.

Get us on your side today.

Book a call

R&D Tax Credits in Finance and Insurance

One of the largest sectors in the UK, finance and insurance contributes over 8% of the country's economic output

The Juicy Numbers

Research & Development (R&D) [rɪˈsɜːʧ ænd dɪˈvɛləpmənt]

R&D tax credits in the finance and insurance industry

Did you know your R&D project does not need to be commercially successful to qualify for R&D tax relief?

Project Eligibility

We Are Yuzu Group

Who qualifies?

… your research and development must overcome scientific or technological uncertainty that a professional in the field could not have easily solved…

Credit Estimator

You are likely to be eligible for R&D tax credits if the following applies to your business:

Many businesses in the finance and insurance sector are amazed at the costs they can reclaim, many of which they've done for months or years and assumed it was 'part of the job'…

Start your R&D Tax Credit journey within the finance & insurance sector

About Yuzu Group

R&D Tax Credits in Finance and Insurance

One of the largest sectors in the UK, finance and insurance contributes over 8% of the country's economic output

The Juicy Numbers

Research & Development (R&D) [rɪˈsɜːʧ ænd dɪˈvɛləpmənt]

R&D tax credits in the finance and insurance industry

Did you know your R&D project does not need to be commercially successful to qualify for R&D tax relief?

Project Eligibility

We Are Yuzu Group

Who qualifies?

… your research and development must overcome scientific or technological uncertainty that a professional in the field could not have easily solved…

Credit Estimator

You are likely to be eligible for R&D tax credits if the following applies to your business:

Many businesses in the finance and insurance sector are amazed at the costs they can reclaim, many of which they've done for months or years and assumed it was 'part of the job'…

Start your R&D Tax Credit journey within the finance & insurance sector

About Yuzu Group

Let's Chat