The government recognises Aviation as a key industry in the UK and that technological developments cannot fall behind. Recently Innovate UK have offered several financial incentives to enhance the UK’s Aviation development.
Aside from the financing from bodies such as Innovate UK, many companies are undertaking qualifying R&D projects which may obtain financial assistance through claiming R&D tax relief. Significant numbers of companies filter into large Aviation companies such as BAE and Airbus.
Are you Eligible for R&D Tax Relief?
Many of these smaller companies miss the opportunity to claim aviation R&D tax relief.
Usually under the misconception that they cannot claim because they are subcontractors.
If companies consider their activities to have been aimed at achieving a technical advancement, further investigation is advised. We would recommend you speak to one of our advisers who will take the time to understand the company’s position within the chain of supply.
Talk to Our R&D Tax Relief Specialists
A successful claim results in an aviation R&D tax relief or cash benefit of c.25% saving on the development costs incurred by the company. When working with us your R&D relief application will be fast and straightforward. We urge you to contact us now and speak to our friendly team in Manchester to establish if your business activities qualify for R&D tax relief.