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

20 August 2020 Scott Burkinshaw Radius - R&D Tax Relief & Patent Box, Business Taxes

Our Radius team 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 relief.

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 examples include the following R&D tax savings for clients;

Sector / Industry Tax saving (£) Claim date
Detergent Manufacturer £20k Patent Box claim October 2020
Engineering £101k September 2020
Digital Transformation £36k September 2020
Bespoke financing platform £16k September 2020
Print / dye manufacturer £50k September 2020
Detergent manufacturer £7k September 2020
Heath technology £30k September 2020
Manufacturing Company £25k September 2020
Biomediocal Company £8k August 2020
Electrical manufacturing company £50k August 2020
Marketing and Events company £31k August 2020
Cyber Security £41k August 2020
Medical sector £145k August 2020
Events products manufacturer £44k August 2020
Construction Engineering £630k August 2020
Sports equipment manufacturer £9k Patent Box claim August 2020
Safety equipment manufacturer £18k August 2020
Payment solution company £36k July 2020
Rail manufacturer £17k July 2020
Lead generation £19k July2020
Marketing £17k July2020
Technical £31k July 2020
Procurement company £64k July 2020
Manufacturing £16k June 2020
0Logistics company £50k June 2020
Manufacturing £26k May 2020
IT & IT Communications £61k May 2020
Scientific and Engineering £31k May 2020
Technology company £11k May 2020
Electrical services company £19k May 2020
Technology company £14k May 2020
Technology based security company £30k May 2020
Machine manufacturing company £39k April 2020k
Industrial Equipment £101k (R&D and Patent Box tax relief) April 2020
Sports Engineering and Technology company £16k April 2020
Portable building manufacturer £32k March 2020
Manufacturing company £113k March 2020
Manufactuting company £115k March 2020
Software Company £54k March 2020
Electronic Eqyipment Manufacturer £38k March 2020
Software £136k March 2020

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


Your Eligibility Checklist

 

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:  

R&D Tax tax credit case studies

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 Radius 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 three simple stages.
  • We will do most of the work so you don’t have to.
  • All our fees are agreed in advance with no hidden extras.  Fees are usually based on a percentage of the benefit you will receive, in the form of a Corporation tax reduction, or refund.

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.

Claim your free consultation

To find out more, please contact a member of the Radius team and let us show you how easy it is to make your innovation pay. 

Related links

The 2020 Tax Saving Guide

 

Our tax team created the 2020 tax saving guide, which includes;

  • over 65 tax saving ideas
  • top tax risks to avoid
  • covers areas relevant to both entrepreneurs and owner managed businesses
  • includes many of the top issues we frequently advice on.

Download your free copy of the guide.

 

Shorts Tax saving guilde 2020

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