Can manufacturing companies qualify for R&D tax credit or relief?

Yes,  manufacturing companies can claim R&D tax credits. This helps manufacturing companies to offset the expenses of their innovative activities.

Some of the activities for which the manufacturing companies may be able to claim R&D tax credit are:

  • Integration of new machinery
  • Industrial development
  • New product development

Manufacturing companies in the Energy and Aerospace industries in particular tend to be eligible to also claim R&D tax credits.

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Manufacturing companies should seek advice from experienced tax professionals on how to best utilise the r & d tax credits benefits.

F6S can help with your R&D claim