Aerospace R&D Tax Credits
The UK Aerospace industry is the second largest in the world and a huge UK exporter.
Often seen as a leader in technological, engineering, safety and environmental changes (to name a few), it is a mature innovator in both the products and the business processes it creates.
From innovative Aerospace aircraft designs, materials, fasteners, engineering, forming, surface treatments, to manufacturing tools and more.
R&D tax credits can offer aerospace businesses an additional tax deduction of up to 130% (SME example) off all qualifying innovation spend (changing to 86% on all expenditure on or after the 1st April 2023 (View R&D tax credit changes)).