Case Study 2 – R&D Tax Relief – Sample Claim

A UK Company developed bespoke defence products for the Ministry of Defence. The accountant approached Zenith Tax to assist the company in making an R&D claim for a particular project.

This project was to create a product which would save the lives of servicemen and women in hostile situations. To create this product there was a team of approximately 17 individuals with a variety of expertise.

The reason this project was allowable for R&D is that there were a number of technological uncertainties to overcome which required a significant amount of time and effort. This product was also a notable improvement on any product available on the market at the time. Also, the knowledge to create the product could not have been sought by a competent professional in the field because the product did not already exist.

Following the R&D claim the company saved over £40,000 in tax which would have been lost if they had not enquired into the possibility of making an R&D Claim.

If you would like further information on R&D tax relief please contact us on 01228 276 606 or use the contact page of our website.