R&D TAX CREDITS FOR ENGINEERING

 

 If you are a limited business registered in the UK and you work within the Engineering industry, there is a strong chance you could be eligible for R&D Tax Credits.

R&D (Research and Development) is solving uncertainty & overcoming challenges in the workplace.  R&D Tax Relief is a percentage of money that you can claim back from HMRC. This is calculated by figuring out how much time you have spent on your more challenging projects over your last two financial years. 

We are able to claim back a percentage of your PAYE Salaries, Sub-Contracting Costs, Consumables and Material costs. 

Civil Engineering

 

Examples of claimable projects within Civil Engineering:

Infrastructure and Construction:

• Difficult ground conditions

• Drainage issues (implementation of new systems/designs, or overcoming challenges)

• Contaminated ground

• Sustainability (re-use of site earth to form permanent structures)

• Design calculations and testing

Renewable Energy:

• Logistical challenges (transportation of wind turbine components)

• Groundwork challenges that may impact laying the foundations

• Compatibility when upgrading/refurbishing energy network infrastructure

• Design calculations and testing

Electrical Engineering

 

Examples of claimable projects within Electrical Engineering:

• Challenging containment runs

• Historic Properties

• Addition to works, there may be no ways left on the existing board

• Existing works may be restricted by lack of drawings

• Designing control systems

• Creating telecom systems

• Creating innovative fire control systems

• Researching new uses for materials.

• Developing safer methods and practices

Mechanical Engineering

 

Examples of claimable projects within Mechanical Engineering:

• Designing new procedures to reduce material and labour costs

• Implementing processes that increase production

• Introducing processes that reduce time and improve quality

• Creating sustainable energy technology

• Improving manufacturing and production

Harmoney Consulting Group, a company incorporated under the laws of Scotland, and having its registered office at: 272 Bath Street, Glasgow, G24JR.

© Copyright 2020 

Registered number: SC661102

%d bloggers like this: