Claiming R&D Tax Credits the right way!
RDI Solutions helps hundreds of engineering and machining companies find the right innovation funding and incentive solution for their business.
If you are pushing technological boundaries on a daily basis, whether it’s developing tools to support safe good intervention, monitoring different aspects of ageing North Sea platforms, developing detailed mathematical algorithms for production composition, or improving portable instruments for on-site gas analysis. There’s a wide variety of engineering disciplines involved in advancing the science of your sector.
Contact us today to explore how we can assist with your R&D tax credit application.
In the United Kingdom, companies in the engineering industry can claim Research and Development (R&D) tax credits for a wide range of activities related to the design, development, and production of engineered products, systems, and technologies.
Some examples of eligible activities include:
To qualify for R&D tax credits, a company must be a UK-based business and the R&D activities must be related to the company’s trade. The R&D must also seek to achieve an advance in overall knowledge or capability in a field of science or technology through the resolution of scientific or technological uncertainty.
The amount of credit a company can claim depends on the size of the company and the nature of the R&D activities. For small and medium-sized enterprises (SMEs), the credit is worth up to 33% of the R&D costs. For large companies, the credit is worth up to 10% of the R&D costs.
Contact us today to explore how we can assist with your R&D tax credit application.
Colin Copley, Owner and Founder of Copley LTD, shares his experience of working with RDI Solutions.
Contact us today to explore how we can assist with your R&D tax credit application.
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