Is your manufacturing business claiming fully for its innovation?
The importance of a successful manufacturing industry lies at the heart of any economy. Today, more than ever, flexibility in adapting
to ever-changing customer requirements is vital for future prosperity. Manufacturers who are trying to develop or improve a product or process, and in doing so are advancing the technology within the field, may qualify for R&D tax credits.
Latest HMRC Statistics - Manufacturing*
What qualifies as R&D in the manufacturing sector?
The R&D tax credits scheme rewards any company that undertakes work to resolve a ‘scientific or technological uncertainty’ and in doing so increases the overall knowledge or capability in that field. Qualifying activities may include:
- Developing new and/or innovative products or appreciably improving existing ones.
- Streamlining manufacturing processes through improved automation by combining new or existing technologies.
- Integrating and testing new materials to improve product performance and manufacturing techniques.
- Developing cutting-edge manufacturing equipment resulting in significantly improved operational processes.
- Designing, testing and trialling of prototypes.
Download our Manufacturing leaflet to find out more
Why work with SciTax?
The R&D tax relief scheme is a highly technical and complex process. With extensive experience working within this field, we are well-positioned to help manufacturing companies and related industries claim for their innovation.
At SciTax, we take a supportive approach to guiding our clients through the entire claims process. We offer regular visits to your premises (where required) to discuss and review R&D activities to ensure we maximise your benefit. Additionally, we undertake as much of the R&D claim work as possible from identifying eligible projects, through to writing technical narratives, and calculating difficult R&D calculations.
Our support doesn’t end when we submit your claim. Our fee structure includes full enquiry support should your claim be investigated by HMRC.
Are you ready to start your R&D claim?
* Source: HMRC R&D tax credits statistics 2023.