Can the rail sector claim R&D Tax Credits?
TBAT are based in the East Midlands; we are at the centre of the rail industry with rail giants such as Bombardier, Network Rail and East Midlands Trains less than a 20-minute drive from our front door.
Our innovative rail clients work primarily in the rail supply chain and are undertaking R&D to stay at the cutting edge of the industry, which can take significant investment to develop their project/product; so what can they do to re-coup some of that cost to keep innovating?
R&D Tax Credits is the answer to that! By being able to claim back up to 33% of money spent on R&D, there is a huge amount of money available to rail companies to be able to reinvest in further R&D projects! Whether the project was funded by the company, through grant funding, or was sub-contracted work, there is the potential for a claim!
We have first-hand experience dealing with clients, of various sizes, in the rail industry and have helped identify and claim against their eligible R&D activities.
Through helping our clients, having technologists that have worked in the rail industry and through research of our own, we have put together some examples of eligible R&D activities within the rail sector…
This is just an example of some of the eligible activities identified! When considering whether R&D tax credits is the right thing for you, you need to consider one thing – are you working on something that has a technical/scientific challenge that could not have been overcome by a professional in the field? If the answer to that is yes, then chances are, your project and activities are eligible to claim against.
The rail industry is heavily regulated which leads to a lot of R&D going into ensuring that there is ongoing compliance – activities ensuring new products, processes, comply to regulations can alone make your work eligible to claim R&D Tax Credits!
TBAT’s consultants are experts in R&D Tax Credits and through a short FREE consultation, we can discuss your projects and tell you whether you have a claim! Get in touch today!
HMRC has launched two open consultations as of March 2025 that could significantly impact tax advisers and businesses claiming R&D tax relief. One aims to strengthen enforcement against non-compliant tax advisers, while the other looks to improve the underused Advance Assurance scheme for R&D tax relief. These developments follow last year's broader "Raising Standards" consultation, which is still in progress.
Thinking about claiming tax relief for your video game project? If you're developing games in the UK, it’s important to understand the two available support schemes, Video Game Tax Relief (VGTR) and the newer Video Games Expenditure Credit (VGEC). Each comes with its own rules, benefits, and eligibility criteria, and the choice between them can have a real impact on your claim.
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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