Chartered Accountants
R&D – Engineering
Sector – Engineering
Company Size – £1m Turnover
Qualifying Costs – £97,874
Our client is a Tayside based heavy engineering company providing design, manufacturing and installation services to the process and construction industries.
What type of work does the company do?
During the two years under review, the company developed a program for the nuclear industry to ensure maximum quality of their manufacturing processes thereby creating better and more efficient products. In addition the company developed new products in acoustic and noise control and a slide solution for a flange.
What R&D work was completed?
The company creates fully designed and prototyped products for their clients and this generically entails researching the potential customer problem and then designing and creating a product to overcome this issue. In the year the company built solutions for the nuclear and acoustic sectors.
What was the outcome?
As a result of the R&D claim, our client received tax savings of £24,175.
