RDS - Sectors - R&D Tax Credits – Manufacturing
Research and development is vital to the manufacturing industry in order to compete in a challenging market, and R&D tax credits for manufacturing can help businesses by providing financial support to help towards covering corporation tax costs. If your company is working on innovation in manufacturing, you may be eligible for R&D tax credits.
No upfront fee
We only bill when your claim is successful
£55m+
Unlocked for our clients
£7.6bn
Claimed by UK businesses in the 21/22 financial year
The manufacturing industry is by nature research and development intensive.
Many companies may already be aware of R&D tax relief, but it can be increasingly difficult to classify qualifying activities. This is where our professional, reliable and knowledgeable team of experts comes in. Whether it’s developing and testing groundbreaking products, improving existing methods or designing new processing techniques, RDS are on hand to guide your business through the HMRC tax relief process.
Here at RDS, we’re proud to say we know a thing or two about R&D in manufacturing and will be happy to help and advise your company – regardless of size, products and services – every step of the way from establishing R&D eligibility right the way through to a successful claim. With RDS, you will benefit from a streamlined and transparent process from beginning to end and everything we undertake is on a ‘No Win No Fee’ basis so you can have total peace of mind.
Use our handy R&D tax relief calculator to find out how much you could be claiming back.
Please find below some examples of activities that qualify as R&D expenditure in manufacturing.
You can claim for the following:
an element of staff salary costs as well as employer’s NIC & employer pensions costs relating to employees’ time whilst actively engaged in research and development projects.
carried out by third parties on your behalf relating to the R&D.
used directly in R&D including prototyping and concept development costs.
where the software is required to enable the process of R&D.
related in specific proportions to the R&D projects.
where these costs occur in order to enable your R&D to occur.
We have helped businesses across a range of sectors claim R&D tax credits for their innovative work.
MANUFACTURING
CONSTRUCTION
ENGINEERING
TECHNOLOGY & COMMUNICATIONS
AGRICULTURE
FOOD & DRINK
ARCHITECTURE
SCIENCE & MEDICINE
SOFTWARE & IT
AEROSPACE
DEFENCE & MILITARY
PHARMACEUTICAL
An initial phone call or face-to-face meeting is typically the first step, so that one of our Business Development Managers (BDM’s) can discuss potentially qualifying R&D projects with you & explain the activities that can be included within an R&D claim.
Following a successful eligibility check, our team will officially engage with you & request the straightforward financial information required from you and your accountant in order to analyse the R&D costs. A report call / meeting will also be carried out so that a justification report can be created.
Once the claim financials and report have been completed, our team will liaise with you to discuss the final claim and get feedback from you & a confirmation that all eligible activity has been included. Following the review and claim sign off, we will submit the information to your accountant.
One of the benefits of our approach is that we don’t tread on the toes of your accountant by taking over as your ‘agent’ with HMRC. We pass over the completed claim info to your accountant so that they can alter your corporation tax return (CT600) to include the figures, and also attach the report for HMRC.
With three UK office locations we are always on hand for a call or to meet in person. Start your journey with RDS today.
