Manufacturing R&D Tax Credits
Manufacturing is one of the most important sectors in the UK, contributing 11% of the country’s GVA and employing more than 2.5 million people.Manufacturing is also responsible for 70% of R&D spend in the UK, as the sector constantly strives for further efficiency and innovation.At RandD Tax, we can help manufacturers claim R&D tax credits, which can help fund vital research. If you are a manufacturing company, you could benefit from manufacturing R&D tax credits, which can cover:
- Staff costs
- Software costs
Who can claim manufacturing R&D tax credits
Most manufacturing companies in the UK should be eligible for some type of R&D tax credits. To be eligible, you must:
- Be a limited company in the UK, subject to corporation tax
- Have carried out research and development into new products or processes
- Have spent money on these projects
If you aren’t sure if your project qualifies, you should contact us to find out.
Our expert team of tax consultants are on hand to identify if your project is eligible, what scheme you should claim under and how much you can expect to receive.
Manufacturing R&D tax credits will either be in the form of a cash payment, or a reduction in corporation tax. Either way, it frees up vital funds for innovation.
We operate on a no win, no fee basis, meaning there is no risk to you. We even offer a FREE ASSESSMENT, so you can easily find out if you are eligible for manufacturing R&D tax credits.
How to claim manufacturing R&D tax credits
There is no need to take on the burden of dealing with HMRC when you claim manufacturing R&D tax credits. We will do it for you.
We will work with you through the entire process, from identifying if your project is eligible, through to receiving your payment.
Contact us today to begin your claim for manufacturing R&D tax credits.
Get in touch today regarding manufacturing R&D tax credits