Research & Development Claim Settled!
Our Taxperts recently completed a Research & Development (R&D) claim for an engineering client based in the East of Scotland, resulting in a client saving of £15,562!
Our client is a well-established engineering company that specialises in the manufacture and installation of conveying and processing equipment to the food, agricultural and waste/recycling industries.
The claim focused on three projects – a packing conveyor, components for weaving machinery and a low temperature vacuum drying oven – which were undertaken during the year and designed to overcome technical uncertainties.
The products that the company developed offered lower-than-market cost solutions without any compromise on product quality. The team’s skills and experience meant that they were able to develop solutions to meet the design criteria within the cost constraints to make the products commercially viable.
R&D tax credits provide a valuable cash flow injection for eligible companies. They then have the enviable problem of how to reinvest it for the benefit of the company.
We have completed over 300 claims and saved over £16 million for our clients, through a proactive approach in identifying and completing relevant claims. We can assess your eligibility then prepare a claim for you, if relevant. Your involvement need not take more than three or four hours and the benefits can be huge.