The company is an independent body working in the fetilizer sector. They developed their own risk management and analysis software using artificial intellgience to automate machine learning.
RSL came in and helped them analyse their project, identifying the costs and the areas they could claim for saving them £8,632 in that year.
In the example the business has spent £16,000 in qualifying Research and Development Tax expenditure.
This expenditure is multiplied by 130% to give the enhanced expenditure amount of £20,800.
The enhanced expenditure is then subtracted off of the company's loss figure of £22,000. This leaves the company with a increased loss level of £42,800.
This creates a tax saving of £8,632.
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