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R&D TAX:
ENGINEERING

Benefit From The Generous R&D Tax Relief Scheme For Your Engineering Innovation.

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What are R&D Tax Credits?

R&D Tax Credits, introduced by the UK government in 2000, are designed to promote innovation by providing tax relief to companies engaged in scientific or technological advancements.

R&D for tax purposes involves projects aiming to achieve progress in these fields by resolving uncertainties. Qualifying activities include various forms of innovation and development.​

 

By claiming back a portion of their R&D expenditure, businesses can reduce their tax bill or increase taxable losses, thus gaining valuable funding to reinvest in resources and further advance their R&D efforts. This incentive acts as a mechanism to help companies foster innovation and drive growth.

Check Your Eligibility

The information you provide will be used by Approved for the purpose of determining your eligibility and may be used to contact you about your quote. See our full data privacy notice for details on how we process client personal information.

Common R&D Eligibility Within The UK Engineering Industry:

By meeting the criteria for R&D Tax Credits, your company can gain access to substantial financial rewards, enabling you to accelerate research and development efforts, invest in new technologies, hire additional staff, and drive overall growth.

You may qualify for Engineering R&D activity if you meet the following criteria:

Product Development and Prototyping: Designing and developing new products or prototypes that offer enhanced performance, efficiency, or functionality.

Process Optimisation: Improving manufacturing or production processes to increase efficiency, reduce costs, or enhance quality. This may involve automation, precision engineering, or the development of new manufacturing techniques.

Materials Engineering: Researching and developing new materials or improving existing ones to achieve better performance, durability, or sustainability. 

Systems Integration: Developing and integrating complex systems, such as control systems, software, or electronic components, to improve overall system performance and reliability.

Environmental Engineering: Creating innovative solutions to environmental challenges, such as reducing emissions, managing waste, or improving energy efficiency.

Structural and Mechanical Engineering: Addressing complex structural or mechanical challenges, including developing new designs, improving load-bearing capacities, or mechanical systems.

Advanced Technologies: Utilising cutting-edge technologies such as artificial intelligence, machine learning, or the Internet of Things (IoT) to drive innovation and improve engineering outcomes.

R&D TAX Credit Schemes

The government's R&D criteria are intentionally broad. Regardless of your company's size or sector, if you are supporting scientific or technological innovation, you may be engaging in qualifying activities. The R&D Tax Credit Schemes are designed to support and incentivise innovation across various business sizes.

SME R&D Tax Relief:

As an SME you can claim up to 18.6% of qualifying spend. The exact percentage depends on the business's financial position e.g. profit or loss-making.

RDEC & Large Companies:

The Research and Development Expenditure Credit (RDEC) scheme's current benefit is 20% pre-tax, so this would result in a 15% "cash benefit" to the business.

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Our R&D Tax Claim Process

Discover our streamlined process for securing R&D tax credits. We ensure complete transparency in our services, with no hidden fees or unexpected complications. Navigating R&D tax credits has never been easier. Our no-obligation consultation won't affect your credit score.

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01

Discovery and Assessment

Your ATL contact will help gather the needed information, supported by our expert advisers, consultants, and specialists.

02

Information Collation and Analysis

Our specialist team will help identify qualifying R&D and work with you to gather all necessary information for a successful claim.

03

Building your R&D Tax Credit Claim

We will build your claim, add the required evidence for HMRC, and detail your qualifying activities and costs, ensuring compliance for a strong claim.

04

Review and Submission to Process

You'll get reports for approval with breakdowns of our findings. We'll finalise and file your tax credit claim with your Corporate Tax Return (CT600). After submitting your claim, we'll liaise with HMRC, providing ongoing support.

05

Receipt of Benefit Funds and Reinvestment

Your innovation investment benefit can lower your Corporation Tax Bill or be paid into your account. The Approved group can aid further investment for growth.

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