If your manufacturing attempts to improve the technical characteristics of a product or to improve a manufacturing process. It is well worth checking R&D claim eligibility. Here is a short case study. The company gained an extra £38,000 from corporation tax savings, all claimed under the UK Small and Medium Enterprise (SME) R&D tax relief scheme. The benefits are claimed as part of a company's corporation tax return.
Specialise in bespoke products for military, healthcare and auto-sport:-
- Development of low VOC products (volatile organic compounds)
- Development of products for specific characteristics; such as temperature resistance, reduced smoke production, fire retardancy and biocidal properties.
- Development of products using FDA approved or non-RoHS-3 raw materials.
This company benefited from more than £38,000 in R&D tax relief.See how much you could benefit from with our R&D tax credit calculator.
