Industry: Engineering, Steel Fabrication – Chris, Owner

Size: Medium

Total R&D costs: £366K

Amount successfully claimed: £68K

Overview:

• Although being a leading engineering firm within their region and carrying out qualifying R&D for the past 30 years, they had never utilised HMRC’s tax incentive.
• Worked closely with the client to help them identify all qualifying projects. 2 year backdated claim allowed us to also claim for ongoing projects.

Scientific advancements

• Increasing resilience against environment in railway electrical components.
• Improving waterproofing in offshore electrical components.

Conclusion

• Successfully earned client a tax rebate, with scope for further 3 years of claims on 2 year back dated projects. We are able to claim for a total of 5 years’ R&D costs on any one project and we continue to work with them to claim for continuing and new projects.