Science is one of the industries that has one of the largest impacts on people’s lives; from medicine to beauty products, everything relating to science impacts our daily lives.
Our client is a UK-based material science company specialising in the development of advanced materials for a range of industries, including aerospace, automotive, and electronics. The company has a dedicated R&D team and invests heavily in R&D activities to maintain its competitive edge in the market.
The company faced several technical challenges while developing new materials with improved properties, such as increased strength, durability, and heat resistance. The R&D team was also tasked with finding ways to reduce the production cost of these advanced materials while maintaining their quality.
How We Helped
Goldhill Consulting was prepared to handle their R&D tax relief. One project we looked at involved developing a new type of composite material with improved strength and durability for use in the aerospace industry.
Based on our assessment, we identified several million pounds of qualifying R&D expenditure that was eligible for R&D tax relief. We worked with the company to prepare and submit a detailed R&D tax relief claim to HMRC, which included a comprehensive technical report and supporting evidence.
By the end of the project, our R&D tax relief consultancy services helped the material science company to maximise its R&D tax relief claim and reinvest the tax savings back into its R&D activities.