If you believe your business is investing in development or innovation, then you could be eligible to claim R&D tax credits. The spectrum of businesses that tend to claim for R&D tax relief is wide. We have vast experience advising clients across a wide range of industry sectors.
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Key Sectors
In the UK, innovative industries such as Manufacturing, Engineering and Pharmaceutical are world leaders in their field due to constant technological advancements and the R&D Tax Credits scheme.
Below are different sectors that qualify for R&D along with an example of how R&D could be applicable in each sector.
Manufacturing
Innovative product development using computer aided design tools.
Engineering
Creation of new technologies that provide a solution to a variety of issues.
Food & Drink
New recipe development to meet demand of consumers and the government.
Construction
Development of building materials that have a low impact on the environment.
IT & Software
Development & testing of new IT systems, devices and processes.
Print & Packaging
Minimising solvent use and waste reduction of printing processes.
Science & Healthcare
Research & development, including pharmaceutical and biotech activity.
Retail & E-Commerce
Development of solutions that control & automate operations.
Clothing & Textiles
Designing new textiles and fabrics to meet strict product requirements.
Agriculture
New methods of automated planting & harvesting machinery.
Automotive
Development that focuses on reducing CO2 emissions and the design of new prototypes.
Banking & Finance
Development of preventions of fraud and data protection using new technology and software.
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