Check out our short car restoration R&D Tax Credit case study, perhaps not the most obvious of sectors for an R&D claim but an interesting example from a company in the Automotive Sector. They get involved in developing new components and improving on the original performance of classic cars. Over the three years shown the company was able to reduce their corporation tax bill by just above £78,000. We have been advising on their R&D claims for the past five years and continuing.
Specialise in classic car restoration and component development (often no longer in existence and with no support)
- Development of modern components for classic cars – increased strength and weight reduction.
- 3D scanning and re-engineering.
- Engine development to increase performance, range, reliability and conversion to modern fuels.
This company benefited from more than £78,000 in R&D tax relief.See how much you could benefit from with our R&D tax credit calculator.
