17 Oct 2018

Can the rail sector claim R&D Tax Credits?

Danielle Allen
Marketing Executive

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.

Examples of R&D Tax Credit claims made by TBAT for their clients, 7 examples ranging from £10,000 to £2.5 million.
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…

Spider Diagram of Eligible R&D activities for the rail sector. maintenance equipment, driver training software, solutions to working in extreme environments, alternative power supplies, reduction of points of failure, manufacturing processes to reduce reject rates.
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!

 

Related Articles

06 May 2022

R&D PAYE Cap – SME Scheme R&D Tax Credits Claims

The HMRC PAYE Cap is now live for any R&D Tax Credits claims via the SME Scheme, for financial years starting after 1st April 2021.

R&D Tax Credits
Bulb
17 Mar 2022

Calculate R&D Tax Credit claims – Hints & Tips

Understanding how to calculate R&D Tax Credits claims can be a difficult task. Our expert consultants have put together their key steps for a successful R&D Tax Credits claim calculation.

R&D Tax Credits
Bulb

An independent consultancy, highly skilled and experienced

Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.

Get In Touch