Research & Development Claim Settled!

Our team recently completed two Research & Development (R&D) claims for an engineering client based in the East of Scotland, resulting in a client saving of £156,386!

Our client is researching and developing wind energy technology for offshore installation. The work performed by our client is all pre-revenue and is primarily engineering conceptual work and design studies. The turbine and infrastructure design being pursued would result in lower build, installation and maintenance costs over the life-span of the turbine.

In the years under review, our client designed, constructed and tested a prototype two-bladed turbine. This prototype was vastly different to any other turbine of a similar scale. Design certifications were obtained following from this proof of concept. Simultaneously, other workflows were researched and developed for the next phases of the overall development.

R&D tax credits provide a valuable cash flow injection for eligible companies. They then have the enviable problem of how to reinvest it for the benefit of the company.

We have completed over 300 claims and saved over £16 million for our clients, through a proactive approach in identifying and completing relevant claims. We can assess your eligibility then prepare a claim for you, if relevant. Your involvement need not take more than three or four hours and the benefits can be huge.

If you would like to discuss your own circumstances, require support or further information on R&D Tax Credits, please email our EQ Taxperts or call your local office contact.