Hidden R&D in Manufacturing

Hidden R&D in Manufacturing

It’s often easier to identify innovation with a new product, so it’s no surprise that many manufacturing companies are carrying out work that qualifies for R&D tax credits. In fact, the manufacturing industry is one of the sectors making the highest number of claims overall.

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‘A Year of Awakening’ for R&D in Fast Fashion

‘A Year of Awakening’ for R&D in Fast Fashion

The success of fast fashion depends on efficient production methods, and a radical change in consumer habits demands a constant supply of new styles. These must be available soon after the looks they were inspired by were seen on the catwalk. The R&D that goes into developing those new production and supply processes creates a strong case for tax relief through the R&D Tax Credits scheme, as it often helps achieve a clear scientific or technological advancement for the industry.

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Why should I use R&D specialists instead of my accountant?

Why should I use R&D specialists instead of my accountant?

Prospective clients ask us this question a lot. We can understand why; accountants often tell businesses they can claim research and development (R&D) tax credits on their behalf at minimal cost. Some firms may even offer this service for free. Surely, you just have to fill out an extra couple of boxes on your Corporation Tax Return? So why pay R&D tax relief specialists to perform the work for you? We can think of five reasons.

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R&D - Architecture

R&D - Architecture

Though uptake is on the rise, a vast number of practices are still missing out on the benefits of R&D Tax Credits. Countless architects wrongly think that they are not entitled to R&D tax relief, or that only work exclusively carried out by their R&D department is eligible for relief. As such, even when architects do claim for R&D, it is often not being maximised due to misunderstanding HMRCs complex legislation.

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