Talk to the Taxperts

01382 312100

R&D – Manufacturing

Sector – Manufacturing
Company Size – > £10m Turnover
Qualifying Costs – £549,713

Our client is a Scottish based textiles company which produces products for a highly competitive global marketplace.  It uses innovative processes and solutions to allow it to meet its customers high expectations.

What type of work does the company do?
In the year under review, the company undertook a series of projects ranging from the creation of new woven products for the airline industry and sporting goods, to military uniforms and camouflage gear.

What R&D work was completed?
When the company develops a product, it must first assess the market needs and the competitive environment. Once it is satisfied that a commercial product is possible to create, the R&D process starts to consider the initial specification.  A mix of material and production processes are then used to create a robust, fully tested and cost effective solution for the relevant sectors.  In addition, the company has been reviewing and updating its loom processes to ensure higher quality products can be manufactured and consistently competitive prices.

What was the outcome?
As a result of the R&D claim, our client received tax savings of £122,884.

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