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 £24,175!
Our client is a heavy engineering company providing design, manufacturing and installation services to the process and construction industries.
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.
The company creates fully designed and prototyped products for their clients. This generally entails researching the potential customer issue and then designing and creating a product to overcome this issue. As a result, the company has built solutions for both the nuclear and acoustic sectors.
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.