For UK Manufacturers
If you are a manufacturing business building new machinery, developing news tools and products, or testing cutting-edge prototypes, you could qualify for thousands of pounds worth of R&D Tax Credits. Here’s what you need to know.
R&D Tax Relief – also called R&D Tax Credits – is a government scheme that provides tax cuts and cash lump sums to companies conducting research and development.
R&D Tax Credits works by refunding companies up to 33% of the money they invest in things like wages, equipment and raw materials.
Since it was launched in 2000, R&D Tax Relief has provided over £40 billion to British companies, with no industry claiming more funding than manufacturing.
Thousands of companies claim R&D Tax Credits every year. Still, working out whether you’re eligible isn’t the easiest thing in the world.
One of the big problems is that HMRC has a unique and complicated definition of ‘R&D’. One that you won’t find anywhere else and that can be hard to compare against your work.
Still, to make things as easy as possible, we’ve broken down the eligibility into six questions.
If you answer ‘yes’ to all of them, there’s a good chance you should be filing a claim.
As a manufacturing business, your focus should be on making products, designing new solutions and acquiring new customers. Not compiling fiddly claims for tax relief. That’s where we come in.
By managing your claims process from start to finish, GrantTree’s experts will maximise your R&D Tax Credits claim while freeing you to focus on the things that matter most to your business.
GrantTree’s team of tax credits experts will make sure you’re claiming for every penny possible. Unlike our competitors, we invest in people who understand both policy and your technology. That’s how we’re able to maximise your claim size while ensuring you stay 100% compliant.
If you want to maximise your claim while saving time, money and stress, just give us a call.