The ABC of R&D tax credits

It’s as easy as ABC for experts like Jumpstart, as we look at 3 clients who recently received a substantial monetary return.

22 September 2017

Alphabet Blocks, YES

It’s as easy as ABC for experts like ABGI, as we look at 3 clients who recently received a substantial monetary return.

Contrary to popular belief, you don’t need to have labs full of people in white coats to qualify for R&D tax relief.

The biggest hitters are in manufacturing, software and IT, and food and drink, but ABGI UK has secured R&D tax credits for a host of other companies in sectors ranging from agriculture and machining to waste and recycling.

What exactly are “eligible activities”?

It’s as easy as ABC for experts like ABGI, as we look at 3 clients who recently received a substantial monetary return.

A is for... applications.

When you are asked to use a product for one application when it was designed for another can lead to eligible activities. The use of materials or processes usually associated with another industry can often be eligible. Even using your product in a different environment which challenges your product performance is often a good source of eligibility.

B is for... buoyancy aids.

The manufacture of buoyancy devices often causes challenges ensuring different climatic conditions and material requirements produce a consistent degree of buoyancy. Variable conditions such as temperature can often cause issues and problems not to mention getting the right material that is both light and robust whilst resistance to abrasion.

C is for... classification.

Often meeting new pieces of legislation will pose a significant technical challenge. This can be if you product requires to be zone 1 approved or has to satisfy a code such as AMSE. The changes you have to make to your product can often be eligible.

D is for... Do We Need to Say More?

We could exhaust the alphabet many times over!

So if your clients are manufacturing something and their industry sector starts with a letter of the alphabet, then jumpstart their cash flow now!

ABGI UK are specialists on R&D tax credits, 100% focused on helping companies make successful claims. ABGI’s consultants come from many scientific backgrounds enabling them to identify eligible activity often hidden in the daily routines of your clients’ production and process work, and then translate very technical information into meaningful reports that are relevant to HMRC’s R&D guidelines.

Working together with accountants, ABGI find and maximise the client’s eligibility while accountants utilise its tax benefit. We always complement rather than compete.

ABGI UK has consistently found eligibility in processes in companies that have struggled to understand the legislation.