Manufacturing R&D Tax Credits
Innovation plays a key role in manufacturing. It helps the industry become faster, more efficient, smarter, and greener. Manufacturing is also one of the top R&D tax credit claiming sectors.
Manufacturing R&D can range from bespoke digitally connected technologies such as smart sensors, robotics and AI. To new tools, jigs or equipment, to waste, quality, heating and safety improvements.
R&D tax credits offer 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)).