Mechanical Engineering R&D Tax Credits
A sector with innovation at its core. Mechanical engineering is problem-solving today’s obstacles, across multiple industries, to make future solutions that will benefit humanity.
Mechanical engineering R&D projects can include anything from the creation of new or heavily modified HVAC systems, piping and mechanical systems, sustainable design methods and more.
R&D tax credits can offer these innovative problem solvers 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)).