Many businesses can benefit from R & D tax credits. Here is an example of how R&D tax credit/relief of £110,000 over two years helped a fabricator of large vessels. The business designs large tanks and vessels for use in the chemical sector. This is clearly an area that involves a lot of R & D, as more efficient methods of storage are developed and specialist manufacturing techniques are employed.
Business designs large tanks and vessels for use in the Chemical sector
- Fabricated vessels which must satisfy Notified Body approvals for vessels which must satisfy safety.
- Specialist welding requirements
- Unique mixing capabilities within the vessels
This company benefited from at least £40,000 each year. See how much and R&D tax credit claim could be worth for you, with our R&D tax credit calculator.
![case study Large Fabricated Vessels R&D tax credit claim](https://b1487701.smushcdn.com/1487701/wp-content/uploads/2020/03/191210-Mini-case-study-RandDTax-Large-fabricated-vessels-2.jpg?lossy=1&strip=1&webp=1)