Here’s an example of an engineering based manufacturer that is claiming R&D tax credit year on year. Engineering based manufacturers often qualify for R&D tax credit and relief, yet too often don’t realise it! This mini case study is for a company that manufactures coils and springs. They get involved in developing new products and manufacturing processes that require an element of innovation.
Specialist component manufacturer, producing complex bespoke parts for a variety of different industry purposes.
- Develop characteristics of component to do its job, including tensile strength, torque and material type.
- Creation of manufacturing techniques and processes to produce bespoke products.
- Development of manufacturing processes for scaling up production.
This company benefited from at least £30,000 in R & D tax relief each year. See how much you could benefit from with our R and D tax credit calculator.
