Innovation in the recycling industry is as essential as ensuring we all recycle as much as we can! And businesses who drive that innovation can benefit from R & D tax credit claims.
Here is a case study snippet illustrating how R&D tax credit and relief benefited an IT equipment recycler. The company specialises in recycling IT equipment and undertakes R&D to manage internal processes. Recycling in the IT sector is particularly difficult due to data sensitivity. The R & D this company carried out:
- Includes innovating automated processes in a data sensitive area of recycling.
- Developing secure solutions to ensure safe recycling of used equipment.
- Mobile systems to deal with collection service and cleansing of the technology on site.
The company's R&D claim was worth over £15,000 a year. See how much you could claim with our R&D tax credit calculator.