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R&D tax relief case studies – how we helped clients save tax

Here at Shorts’ Innovation Taxes Group (ITG) our experienced team of tax specialists have helped hundreds of innovative businesses from a wide spectrum of sectors and industries obtain millions of pounds of tax savings via generous government backed Research and Development (R&D) tax reliefs.

Providing an incentive to innovate via the tax system, the reliefs rewards innovative companies that undertake R&D as they seek to make an ‘appreciable’ improvement in science or technology.  The relief is generous - a SME incurring £100,000 of costs on qualifying R&D activity could save around £25,000 in Corporation Tax.  Cash repayments are also available to loss making companies.

Recent tax savings for clients include;

Sector / Industry Tax saving (£)
Engineering Sector 50k
Heating Industry 20k
Pharmaceutical Industry 25k
Electrical Manufacturer 15k
Specialist Marketing company 25k
Construction Industry 25k
IT Industry 20k
Software Developer 20k
Machine Manufacturer 100k
Leisure Industry 30k
Transport Communication Industry 65k
Household Goods Manufacturer 85k
Windows and Doors Manufacturer 125k
Telecommunications Industry 80k
Ink Industry 70k
Medical Industry 95k
Software Developer 60k
Web Developer 20k
Electronic Design and Manufacturing company  4k
Telecommunications Industry 65k
Pharmaceutical Industry  75k
Transport Sector 50k
Automotive Sector 88k
Food Manufacturer 13k
Electronics Sector 54k
Brewing Sector 16k
Hair Products Industry 4k
Engineering Sector 14k
Household Products Industry  81k
Engineering Sector 67k
Equipment manufacturer 90k

 

Here are just a few more examples of the types of R&D activities that our team have claimed R&D tax relief for over the years:

 

 Free consultation

Sector / Industry Project Tax saving (£)
Electronics Manufacture of innovatory display equipment 1m+
Software Development Producing ground breaking new software including writing algorithms 300k+
Software Development Developing new visual entertainment software £100k+
Software Development Development of software involving intuitive referencing of SQL databases 50k+
Steel Heat Treatment Automating & refining heat treatment processes 200k+
Aerospace Manufacturing Developing products and necessary new tooling for the power and aerospace industries 200k+
Chemical Manufacturing Developing new compounds for the packaging industry 150k+
Engineering Prototype development to satisfy customer requests to modify existing products c.100k
Chemical    Testing Development of methods of testing chemical compounds for customers c.75k
Manufacturing   of Animal Feeds Development of new animal health products 20k+
Steel Manufacturing Developing more efficient manufacturing processes and supporting software 100k+
Motorsport Development of new processes and configurations for motor racing vehicles c.75k
Advanced Design Development of a ground breaking 3D printing process 10k+
Engineering Development of high performance seating components 100k+

 

The ITG team adopt a simple, straightforward and painless approach when working with companies on the preparation of their R&D claims, ensuring that they are compliant with the legislation and maximised as far as possible.

Our skilled and experienced team of R&D specialists can quickly assess the potential eligibility of a business’s development work and scope for a possible claim, before going on to prepare a claim.

Typically our process involves:

R&D ITG 4 Step Process diagram.png

We will do most of the work so you don’t have to.

Claiming R&D tax relief is simpler than you may think. So if your business is making an ‘appreciable’ improvement in technology or science, you could join the thousands of innovative companies nationally that have already benefited from R&D tax reliefs.

To discover whether you are eligible to claim, download our eligibility checklist. It takes less than 10 minutes to review.

Download Eligibility Checklist

 

To find out more, give a member of the ITG a call, visit our website or download our brochure or complete our form to arrange your free consultation.

Free consultation

 

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