Tax inspectors to get software training
Inspectors will have better understanding of software development
Tax inspectors will next week take part in the first training course to
improve their understanding of software for firms applying for research and
development (R&D) tax credits.
The credit scheme allows firms with programmes worth more than £10,000 to
deduct 150 per cent of that expenditure when calculating annual profits.
But software development can be less tangible than in other sectors, leading
to inconsistencies.
Courses focusing on the IT industry will help address the imbalance, said Tom
Wills-Sandford of supplier body Intellect.
‘There have been stories of claims being turned down for peculiar reasons –
because software is invisible,’ he said.