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Is your company looking for innovative solutions for production challenges?
Are you one of the many manufacturing businesses eligible for R&D Tax Credit? Research and development are an inseparable element of the activities of companies in the manufacturing industry. Investments in the development of technology and manufacturing processes are necessary to gain a competitive advantage. R&D tax relief is intended to encourage enterprises to develop new products and services, moreover to take up technical challenges, even if they relate to operational activities, e.g. a new production line or creating a product tailored to customer requirements.
Leyton experts note a relatively low level of awareness in production companies regarding the possibility of using the R&D tax relief. Our experience shows, that production companies that took advantage of the research and development tax relief obtained significant financial benefits in this way.
● development of new or improved production technology,
● development of new or improved products,
● development or improvement of the production process – reduction of process defects,
● design and development prototypes of machines with new functions – optimization through the use of improved / innovative machine / process solutions,
● design and creation of modern production tools,
● creating machines or shaping processes with better precision or using new materials,
● developing methods to reduce the negative impact on the environment through the use of alternative processes or materials,
● scaling or increasing the precision of processes thanks to the use of new materials or machines.
At Leyton we use our innovation funding expertise to deliver tax relief claims as an end-to-end service. We provide full project management from initial engagement through to benefit. Our tax experts have a wealth of experience working with businesses to help them claim through the R&D tax credit scheme and will put together the technical report enabling you to submit your claim. Leyton worked with more than 20,000 clients last year. These companies received an average of 90,000€ in R&D tax credits.
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