Industry SectorManufacturing
R&D Tax Credits have been the highlight in a number of recent discussions in the manufacuting sector. The possibility to significantly boost profit margins seems attractive to many business owners.
Is your Manufacturing Business able to Claim for R&D Tax Credits?
It has become apparent that many companies fail to claim R&D relief for activities, usually because they are considered routine by the business rather than innovative. Examples of qualifying of activities often include:
- Development of processing and handling techniques.
- The design, testing and trialling of prototypes and demonstration plant.
- Scaling up of production processes. Often lab based systems do not scale up to operational capacity without further technical achievements being obtained.
- Adaption to include new or alternative materials. This may be driven by legislation, environmental aims or operational efficiency.
- Integration of new technology with old systems.
Why not contact our team today for a free of charge consultation to examine if your R&D projects qualify.
Ready to apply?
If you’re ready to apply for R&D tax refund, please call us on the freephone number below or use the contact form and one of our helpful team will be in touch to help.
By completing the above contact form you consent that Tax Bright can contact you with regard to an R&D Tax Credits claim and use your details during any future claims.
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