Helping innovative audio tech companies navigate R&D tax relief
Azets has supported RoEx in navigating the complexities of R&D tax relief, ensuring their innovative AI audio technology was backed by a fully compliant and strategically prepared claim.
Challenge: Navigating complex R&D tax relief amid innovation
RoEx, a London-based audio technology startup spun out of Queen Mary University of London, developed an AI-powered platform for automatic mixing and mastering of multitrack audio. While their technology was highly innovative, navigating R&D tax relief was complex due to a combination of grants, seed funding, and sophisticated AI development. RoEx wanted to ensure their R&D activities were properly documented and that any claim submitted was accurate and fully compliant with HMRC requirements.
Our solution: Expert-led R&D support for full compliance
Azets’ engineering sector specialists and R&D tax experts worked closely with RoEx to:
- Identify qualifying R&D projects and associated costs.
- Gather and structure all information needed to support a claim.
- Prepare a clear, comprehensive R&D report tailored to their business.
- Manage all compliance requirements, allowing RoEx to focus on product innovation.
Using a Director-led approach and deep technical and sector expertise, Azets ensured that the process was smooth, thorough, and fully aligned with HMRC requirements.
Impact: A compliant claim and confidence for future growth
- Ensured the R&D claim was accurate and fully compliant, taking into account previous grants and potential ERIS status.
- Mitigated risk in the claim, providing peace of mind to the client.
- Delivered practical advice on documenting future R&D activities, supporting continued growth and innovation.
