Engineering is, by definition, an industry full of opportunities for R & D work. One of our clients makes CNC precision engineered milled and lathed parts. Some of the technological challenges they face during this work, which helps make them eligible for R & D tax credits, include:
- Some parts are very small and complex to manufacture.
- Designing a viable, cost effective, manufacturing process for a complex part sometimes involves research and development.
- The company may need to develop unique jigs and fixtures and conduct one or several manufacturing trails to meet tolerance and cost constraints.
Their R & D tax credits claim was worth over £20,000 a year. Estimate how much you could benefit from with our R&D tax credit calculator.