R&D TAX CREDIT EXPERIENCE – MANUFACTURING
Take a look at a case study from one of our manufacturing based clients’ experience of R&D Tax Claims.
R&D Tax Credits in Manufacturing
Project
The project objective was to manufacture highly advanced conveying systems for subterranean transport of material swarf from several high speed machining operations to a single destination.
R&D Details
The company developed advanced electro-mechanical devices that reduced swarf losses whilst maintaining conveyor throughput. This was further integrated into the existing control schemes for the high speed machining systems that automated swarf disposal into the waste management system.
Eligible expenditure identified
£682,734
Tax relief generated
£168,635