Apparel & Textile Industry Tax Relief
The technical textiles sector has seen some of Britain's most interesting innovations in the international arena and it is extremely important for it to be encouraged and rewarded through R&D tax incentives.
The apparel and textile industries are often engaged in qualified research and development activities, which include designing new textiles and fabrics to meet strict product requirements. Stringent testing of fabrics and textiles involves a number of technical challenges. Companies often run multiple trials and test various materials to ensure product durability, functionality, and performance.
Examples of areas where qualifying R&D activities could exist:
- You’re focused on advancing textiles technology, developing high performance technical fabrics, improved formulations for finishing processes including laminating, coating and dyeing, and investigating the variable physical and chemical behaviours of each fibre.
- Through these developments, you produce high-tech fibres, yarns and fabrics that display a range of useful new properties and play a strong role in pushing the boundaries of several industries.
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