R&D Tax Credits for the Manufacturing sector

The manufacturing industry has long been a key driver in the UK economy and consistently contributes significant amount of Gross Domestic Product. The industry itself currently employs in excess of 2 million people and so it is no surprise that the industry incurs a huge 70% of all R&D spend in the UK. The manufacturing industry has been successful for many years due to its high yielding efficiency in productivity, however, the industry requires significant time and resources in Research & Development activities to ensure the future prosperity of the sector.

This is where R&D Tax Incentives come in as we can help turn your investment in R&D activities into tax well organized tax reliefs for your company. The various costs that can qualify for R&D expenditure are highlighted below:

Staff Costs
Subcontractors
Consumables
Software Costs