Manufacturing & Engineering projects that qualify for R&D Tax Credits

If your company is in the manufacturing or engineering industry and you've introduced new or improved products or manufacturing processes, then there is a strong chance that you could benefit from an R&D Tax Credit claim.

Here are some common examples of product and process development projects that may qualify for R&D tax relief

• innovative product development using computer aided design tools;
• development of second generation or improved products;
• tooling and equipment fixture design and development;
• developing unique computer numerical control programs;
• designing innovative programmable logic controllers;
• designing innovative manufacturing equipment;
• prototyping and three-dimensional solid modelling;
• development of computer models;
• designing and developing cost-effective and innovative operational processes;
• integrating new materials to improve product performance and manufacturing processes;
• evaluating and determining the most efficient flow of material;
• designing and evaluating process alternatives;
• designing, constructing, and testing product prototypes;
• increasing ease of operation or suitability of manufactured products;
• developing processes that would meet increasing regulatory requirements; or,
• streamlining manufacturing processes through automation.

You can claim relief on 25% of qualifying expenses. The main areas of costs that can be claimed are:

• staff (salaries, company pension contributions, employer's Pay-Related Social Insurance [PRSI], bonus payments, and health insurance);
• agency workers (externally provided workers);
• individual consultants; and,
• materials used in R&D or prototyping.

At RDA we have the experts to help you handle your R&D claim from start to finish.

Call George Skelton at 0539170507 or email gskelton@rda.ie