Claiming R&D Tax Credits dor electrical & electronics Companies
Research and development is a key area for electronics companies. However, due to the nature of the sector, finding the eligibility for R&D tax incentives essential for funding future projects can be ambiguous. RDI Solutions has helped secure substantial sums of R&D tax credit claims for many electronics clients.
Contact us today to explore how we can assist with your R&D tax credit application.
In the United Kingdom, companies in the electrical and electronics industries can claim Research and Development (R&D) tax credits for a wide range of activities related to the design, development, and production of electronic and electrical 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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