R&D Tax Credits within Manufacturing
Sector Overview – Manufacturing

The latest statistics on R&D tax credit published by HMRC in October 2019, show that 23.6% of all claims made under the SME scheme were for companies operating in the Manufacturing sector, accounting for 20.7% of the total value of claims. The average claim value was £46,970.

Research and Development Tax Credits within the Manufacturing industry

The manufacturing sector makes up a large part of all R&D Tax Credits claims. With this being such a wide reaching industry, many will face the majority of their technological uncertainties during the design phase.

Eligibility for R&D tax credits centres around the two key areas of either:

Producing new or improved products.

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

Manufacturing comes in many shapes and sizes, however, often uses standard methods found within the industry. However, in some cases, there will be a need for developing new materials or techniques. It’s these activities that can potentially become claimable elements for R&D tax credit.

Examples of technological uncertainty in the manufacturing sector

Testimonials from our Manufacturing clients

  • Fiscale offer good professional service for R&D tax claims

    Haydn Kerby, Director, CAD+ Ltd.
  • Effective team and does what it says on the tin.

    Richard Orridge, Financial Director, DSSL Group Limited
  • The team at Fiscale have taken our leg work out of our R&D tax refunds. They are thoroughly professional, friendly and helpful. Having developed a clear understanding of our business, the team prepared all the necessary reports and documentation for each claim, which has allowed us to maintain our focus on our growth, via a cohesive research and development plan. They have advised us within our R&D function, both retrospectively and as we move forward. I highly recommend them.

    Charlie Dalton, Smart Garden Offices
  • Clear concise and well actioned with regards to all work carried out for us.

    Paul Best, Director, Off The Wall Coverings
  • Very professional and understanding of our business, to ascertain the best process and procedure to ensure our claim captures all relevant costs and assumptions.

    Myles Andrews, Bolton Metals Ltd

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.