R&D tax delivers a shot in the arm for UK manufacturing

Posted on 11 May 2011 by The Manufacturer

Carmen Aquerreta is a partner and David Clarke a senior manager in the R&D tax services team at Deloitte. They have assisted a number of clients in delivering substantial cash benefits by maximising their R&D relief claims, particularly in the manufacturing sector.

Maximising cashflow has increasingly been at the heart of many companies’ agendas. Research & Development (R&D) tax credits are one of the most important funding mechanisms provided by government to encourage innovation in the UK. Since their introduction, the R&D tax relief schemes have supported nearly £52 billion of R&D activity by UK companies. Identifying…

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