Talk to the Taxperts

01382 312100

R&D – Engineering

Sector – Engineering
Company Size – Pre-Turnover
Qualifying Costs – £788,491 (two-year claim)

Our client is researching and developing wind energy technology for offshore installation.

What type of work does the company do?
The work performed by our client is all pre-revenue and is primarily engineering conceptual work and design studies. The turbine and infrastructure design being pursued would result in lower build, installation and maintenance costs over the life-span of the turbine.

What R&D work was completed?
In the years under review, our client designed, constructed and tested a prototype two-bladed turbine. This prototype was vastly different to any other turbine of a similar scale. Design certifications were obtained following from this proof of concept. Simultaneously, other workflows were researched and developed for the next phases of the overall development.

What was the outcome?
As a result of the R&D claim, our client received tax savings of £156,386.

Related Case Studies

Download our EQ app and keep up to date with tax news, changes and have access to our EQ Portal, tax calculators and key tax dates at your fingertips. Click on the relevant button on your device to download our free app.

Visit EQ Accountants Visit EQ Accountants

Explore the full range of EQ Expertise

acca
CA
icaew
the-charteded-institute-of-taxation-logo

2020-innovation
cherries
ACC 2019 LOGO Finalist