Sector: Technology + Software
Ebix Europe provide a comprehensive range of innovative, best-of-breed electronic trading software and Insurtech services supporting global commercial and speciality markets.
Their software platforms and networks connect underwriters and brokers using ACORD XML and other messaging standards, digitising and streamlining critical insurance processes.
The EBIX Europe management team had assessed the HMRC R&D tax credit scheme, but initially felt that it would be a difficult task. As well as envisaging complexity, they were not entirely confident that they would qualify as a software company. As they weighed up the scheme they could see the opportunity but also the potential downside of burning a great deal of time, money and effort with no guarantee of success.
Working with a specialist Easy R&D consultant, with extensive experience in IT R&D Tax relief claims, we helped Ebix Europe to navigate and understand the relevant R&D Tax Credit legislation and the claims process. Within 6 weeks we were able to process and receive a substantial HRMC payment on behalf of Ebix, significantly beating their expectations on the scale of claim, while making the end-to-end process as simple as possible.
The Easy R&D Consultant possessed an in-depth understanding of IT and its relevance to the R&D Tax Credit legislation. From a standing start, we received a highly significant tax repayment within just 6 weeks. We would be happy to act as a reference for Easy R&D at any time.
Jeff Ward
VP Business Development, Ebix Europe
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