R&D within Furniture production
Sector Overview – Furniture

Within the latest HMRC statistics on R&D tax credits, we can see that 23.6% of all claims made under the SME scheme, were for companies operating in the Manufacturing sector. This accounts for 20.7% of the total value of claims.

The average claim value was £46,970.

Scientific and technological uncertainties being faced in the furniture industry

During the process of designing new furniture pieces or ranges, companies can find themselves using a range of new materials and techniques within their designs. These can require thorough testing to ensure that they are suitable for use. The use of CAD software and prototypes to stress test, designers can help to provide proof of concept. This aims to eliminate any unexpected issues further down the line.

Eligibility for R&D tax credits centres around two key areas. Companies need to be either:

Producing new or improved products.

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

To create bespoke furniture that exceeds a clients expectations, while at the same time focuses on developing trends and lifestyles, takes a great deal of research. Even when using tried and tested methods, there could be some ingenious applications taking place. In some cases, it’s these applications that contribute to a successful claim for R&D Tax Credits.

Examples of scientific and technological uncertainties in the development of furniture

Testimonials from our Furniture clients

  • I highly recommended Fiscale for understanding our business and to provide us with the facility to claim credit back on our R&D costs.

    Richard Davonport, Davonport

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.