R&D Tax Credits are a very niche part of the UK tax code that could
bring your company thousands of pounds in tax relief.
As one of the leaders in the global market, the UK aviation and marine sectors constantly carry out research and development work to stay ahead of competitors and exploit the latest advanced technologies.
Examples of eligible R&D activities include:
Aviation Software Company
Over six years, an aviation company based in Tiptree, Essex, have received over £381,000 in R&D tax credits following their latest claim of £68,000. 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.
STG Aerospace
“We believe passionately in research-driven innovation. Our commitment to constant innovation gives us a competitive edge and keeps us at the forefront of the industry… Innovation generates interest which in turn can lead to new customer contacts.”
Nigel Duncan | Chief Executive at STG Aerospace
