Talk to the Taxperts

01382 312100

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.

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