Examples of eligible R&D activities
- Creating or developing new vehicles, navigation systems or processes
- Adapting to changes in legislation or industry requirements
- Developing or creating new components or composite materials
- Trialling and developing systems to perhaps improve performance, cost-efficiency or methodology
- Improving carbon footprint by developing products and processes that are more efficient and reduce wastage
Case Study: Aviation Software Company
Over six years, an aviation company based in Tiptree Essex have received over £381K in R&D tax credits with the latest claim of £68K. The company produce IT systems for aeroplanes – their industry-leading, sophisticated technology is designed to be user-friendly and keep aeroplanes in the air!
Research and development is vital to retain and grow the company’s customer base, as the clients in the highly competitive aerospace sector constantly search for economic efficiencies. The company carry out R&D activities to keep up with advances in aviation engineering such as the move towards more efficient and environmentally friendly manufacturing. Fully trained, certified staff that require a high level of skill and training requirements continually update evolving technology.