UK engineering and manufacturing industries are constantly involved in some level of research and development activity. But it’s not always recognised that this means the company can benefit from UK Government R&D Tax Credit and Relief incentives. It’s important to check with an expert to see whether your company is entitled to get the extra support available to help cover the cost of investment in R&D and innovation. In the example below engineers were involved in developing and improving industrial cleaning equipment to eliminate use of chemicals. They also did some development of the refuelling systems for helicopters and drones. The company's corporation tax bill reduction over the three years covered was £87,000.
Development of compact industrial cleaning equipment towable by a vehicle:-
- Mobile cleaning equipment to be “super silent” for use in public areas.
- To achieve a high level of sanitisation without the use of chemicals.
- Designed within key constraints of cost and space reduction.
Development of robust refuelling system for military helicopters and drones:
- Design advances reduced weight and increased storage capacity.