R&D Tax Credits for Engineering and Manufacturing

Gain financial advantage to invest in technology and innovation

A quarter of all R&D Tax Credit claims are from the ‘Manufacturing’ sector, and accounts for almost one third of the total amounts claimed. In 2017/2018 this amounted to over £1.2 billion pounds across 12,000 claims.

This means that the average manufacturing claim was for around £100,000.

Examples of Qualifying R&D Activities for Engineering & Manufacturing:

  • Designing, developing, and testing prototypes
  • Developing new welding processes
  • Developing new processes to meet extraordinary specifications (surface finish, tolerances, new materials, etc).
  • Developing operational efficiencies
  • Automating operations, and developing robotics
  • Developing processes for new materials.
  • Improving machining processes
  • Researching and testing alternative materials.
  • Developing casting processes
  • Determining tooling requirements and optimal placement of equipment
  • Developing processes to meet changes in regulatory requirements
  • Experimenting with new or improved filling and packaging techniques
  • Improving strength, durability, and service life
  • Maximising machining feeds/speeds while ensuring quality and integrity of the part
  • Improving processes including filling and sealing of products, packaging, die design/techniques, minimising environmental impact (waste control and recycling), and flexibility and agility due to increased product volume and diversity

SMEs are missing out on £thousands in R&D tax credit relief.

Many companies are unaware that their activities to develop new products for their customers or themselves are in fact R&D,  the costs of which can be very significant when all contributions are taken into consideration

Contact us for your FREE discovery call on 01684 252464 or email us at info@quantumtax.co.uk