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VideCom Security

R&D Success

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BACKGROUND

Videcom Security is one of the country’s leading CCTV installation and maintenance companies. The company supplies and installs a wide range of audio door and electronic access control systems to control access through a single door or multiple doors, multiple sites, vehicle barriers, gates and turnstiles.

RESEARCH AND DEVELOPMENT (R&D)

In addition to manufacturing CCTV hardware, the company undertakes substantial Software Development which enables it to provide an ever increasing diversity of product.

We worked with the company director and the senior technical staff to understand the nature of the technological uncertainties and to identify the R&D projects. We established that the company's developments represented advances in the capability of technology to deliver solutions to address their customers' needs, where no existing alternative was available.

We then set about reviewing the qualifying expenditure which, in this case, included employee staffing costs, consumable supplies and subcontracted R&D activities. We prepared a formal claim which was submitted to HMRC and accepted without query.

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Key Contacts

Neill Staff

Neill started working for Raffingers in July 2015. As a former senior investigator with HMRC, and someone who has dealt with all levels of HMRC enquiries since leaving the department some ten years ago, Neill's knowledge is invaluable. Whether you need tax advice or have received a tax enquiry letter, Neill is able to support you. Neil is also responsible for overseeing our Research and Development claims, which has involved qualifying R&D expenditure of £8million and resulted in tax credit repayments and corporation tax savings of over £1.3million. For tax advice or to see if you are eligible for R&D, please contact him.

E:neill.staff@raffingers.co.uk
T:020 8418 2671

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To discuss your requirements further and to see how we can support you, please get in touch.

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