R&D Claims in the Engineering Sector
Thompson Wright helps clients to identify where an R&D Tax claim may be appropriate and in the last 12 months has achieved over £3m+ of rebates across the client base.
An engineering company who specialise in innovative heating systems, made a claim for their development work on a system that provides a quick and economic solution for pothole repairs. We assisted them to secure a £120,000 R&D tax credit and as their development work has continued we will be able to achieve the same levels of tax credit in their second year.
The tax credit has allowed the company to continue re-investment, grow and expand as a result.
We have supported an engineering company to achieve a successful £500,000 R&D claim for various development projects in their work to supply solutions to blue chip companies.
The R&D tax rebate is a significant cash contribution to making the business profitable and enabling it to continue to re-invest. Helping them to make the claim a smooth process is key to them, as it’s integral to the bottom line and ultimately flows down the supply chain. The ability to re-invest in this way has taken them from being a small company to a major player in their sector.