Manufacturing

Research and development claims in the manufacturing industry. 

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This sectors makes up for 24% of all R&D claims, could you be missing out?

The manufacturing industry is the second biggest claimant of R&D recieving a total of £465 million back last year. If your operate within this sector and aren’t claiming then you could be missing out on thousands of pounds that could help take your buiness to the next level.

Why is R&D important in the Manufacturing industry?

In 2020, manufacturers benefited from having the highest average R&D claim value of any industry, at just over £100,000. This figure is testament to the sectors ongoing strive for better products, lower costs, and a reduced carbon footprint. The industry is extremely technical and therefore holds massive potential for further research and development in the coming years.

The creation of new products can often be a long, painful process which requires a lot of design time, prototyping and trial & error. These are all areas that can be included as part of the R&D claims narrative as well as the costings.

A percentage of staff time, subcontractor costs and material costs can all be considered when making a claim; and combining these all together often leaves companies with a sizeable figure. For example, if a business has £100k in qualifying expenditure, they can expect anywhere between £19k and £33k to be either paid back in cash or knocked off an existing corporation tax bill. This is an invaluable amount that businesses can use to reinvest in their business for purchasing of new equipment or for taking on more staff.

What qualifies for R&D in the Manufacturing industry?

As the manufacturing industry is ever changing, with new products constantly being developed, redesigned and improved, the scope for an R&D claim is broad. Below are some examples of what could qualify, but there are plenty more beyond these:

  • Innovative product development
  • Improvement of existing products
  • Design, testing and trialing of prototypes
  • Integration of new tech on old systems
  • Alterations to the process to reduce environmental impact
  • Integration of new materials
  • Streamlining of the manufacturing process
  • Creation of new tooling to be used in the making of products

What qualifies for R&D in the Manufacturing industry?

As the manufacturing industry is ever changing, with new products constantly being developed, redesigned and improved, the scope for an R&D claim is broad. Below are some examples of what could qualify, but there are plenty more beyond these:

  • Innovative product development
  • Improvement of existing products
  • Design, testing and trialing of prototypes
  • Integration of new tech on old systems
  • Alterations to the process to reduce environmental impact
  • Integration of new materials
  • Streamlining of the manufacturing process
  • Creation of new tooling to be used in the making of products

Testimonials

"We just wanted to say a massive thank you for helping us complete our recent R&D tax claim, you have helped us for a few years now but as always you make the process so simple and easy. Thanks to you we have now reduced this years corporation tax bill by three quarters. We have recommended your services on many occasions to other businesses and will continue to do so. The feedback we get from people we have referred you to is fantastic and it’s a massive credit to you and your organisation, we look forward to working with you for years to come."
Barrow Electrical
"To R&DTaxCredits.org, I wanted to send this testimonial for your work on our R&D Tax return. We never thought we had a claim for R&D but after a call, you said there may be scope to make a claim based on some of the work we do. You effortlessly reviewed several projects that we do and suggested we had a claim that we could back date two years later. Last week we received a payment over £5,000 which we would never have had without your knowledge and support. I could not be happier with how simple you made the process and thank you for your patience waiting for details from me! We have already collated evidence for this year’s claim and wouldn’t hesitate to recommend you!"
Empine Group
With the help of R&DTaxCredits.org, a Signage company based in Preston, Lancashire has received just over £16,000 for their efforts in innovation and problem solving. The family run business offer a full design and install service for signage in an array of products such as vehicle graphics and wrapping, shop signs, graphics, boards, and banners. The qualifying projects included solving problems on site; making alterations to designs to suit a specific setting; and research into how different materials, glues and paints react when used together. This cash injection will allow the company to invest in themselves and continue to grow.
Lancashire Signage
“I’d like to thank Dan for all his work in the background securing us a R&D tax credit. As a company we were unaware of the fact we could claim tax back on the research and development part of our business and had always accepted it of as an expense we could do nothing about. However, after a short conversation with Dan, we decided to ask R&DTaxCredits.org to act on our behalf and this has ended up with the refund by the tax department being paid into our bank. I wish we’d investigated this years ago as the amount was almost £29,000, which makes the amount we pay in tax a little more tolerable.”
Acorn Electrical Supplies
"We’d like to thank Dan and the team at R&DTaxCredits.org for helping us with our recent R&D claim. After a challenging year with COVID and uncertainty in the construction market, a large cash injection was exactly what we needed to ensure we could continue paying suppliers on time and continue with current works with no financial restrictions. With the help of Dan’s team we were able to claim over more than £70,000 back for our innovations and we couldn’t be happier. We wouldn’t hesitate to recommend R&DTaxCredits.org and we will continue to use their service in future."
SJH Renovations

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Get in touch today to start your claim or for any questions you may have.

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