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.
Security & Electrical
Security & Electrical
Research and development is vital for these fast moving industries where new technologies must be incorporated into current products.
Examples of eligible R&D activities:
- Updating existing products with new technologies
- Improving cost efficiency and quality of products
- Bespoke solutions
- Developing innovative features or processes that are not currently available on the market
- Developing innovative features or processes that are not currently available on the market
- Reducing carbon footprint and developing processes and products to become more energy efficient and reduce wastage
Case Study
Robotics Developers
To date, a Didcot-based robotics company have received £150,000 in R&D tax credits. This growing company has developed scalable, flexible and fully customised robotics for the target markets of Nuclear Research & Decommissioning, Oil & Gas, Infrastructure Survey, First Responder and Security.
Research and development is vital to the company’s growth plan as they continue to develop further the technical aspects of the ground-breaking technologies associated with its products. This technologically challenging field is constantly progressing and R&D tax credits enable innovation to continue and achieve advanced breakthroughs.
