R&D within Engineering
Sector Overview – Engineering

Within the latest HMRC statistics on R&D tax credits, we can see that 19% of all claims made under the SME scheme, were for companies operating in the “Professional, Scientific & Technical” sector. This accounts for 25.5% of the total value of claims.

The average claim value is £71,648.

Research and Development Tax Credits within the Engineering sector

With engineering encompassing such a vast range of industries, ranging from aerospace to transportation, our lives are impacted daily by changes within this sector. As a result, research and development (R&D) is an essential element of day-to-day practice for those working in this field.

Being eligible for R&D tax credit centres around two key areas. You need to be either:

Producing new or improved products.

Design and develop a product involving some degree of uncertainty, for which the answers were not obvious.

Engineering requires a huge amount of research and development (R&D) to take place. Depending on the discipline, this take the form of identification and solving of potential risks. This could also include the development of computer simulations and modelling. All of this takes place alongside continual testing and refining until a solution is found.

Examples of technological uncertainties within Engineering

Testimonials from our Engineering clients

  • The team at Fiscale have a very friendly & professional approach, seeming to enjoy learning about the products we are involved with. They produce clear and concise reports to substantiate our claim. They have made claiming R&D Tax Credits as simple as possible.

    Chris Eiffert, Circad
  • Fiscale has surpassed our expectations in all areas. They offer unrivalled levels of support, advice and professionalism; but above all else, they get results!

    Jan Herbert, Director, GMC Group

Sound like familiar challenges? Call Fiscale Today!

Why not contact us today to discuss your business’ R&D tax relief? It only takes our team around 20 minutes to determine if you are eligible or not.