Helping businesses secure and maximise R&D tax credits and grants

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Manufacturing and Engineering

If your company is in the manufacturing or engineering industry and you've recently 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.

Manufacturing and Engineering

R&D Tax Credits for Manufacturing and Engineering Explained

What type of manufacturing and engineering projects can qualify for R&D tax credits?

Common examples of product and process development projects that may qualify for R&D tax relief include:

  • 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.

What projects can be inlcuded in an R&D Tax Credit claim for manufacturing and engineering projects?

In terms of qualifying tasks, the following activities would be considered eligible for R&D tax credits:

  • defining technical objectives;
  • identifying uncertainties;
  • feasibility studies;
  • reviewing new and competing technologies;
  • analysing, designing and developing the technology;
  • producing technical specification or other documents to explain and support the R&D project and advancement;
  • testing the product, process or software;
  • planning and managing projects.

In addition, certain indirect support activities may qualify for R&D tax relief, such as:

  • administration, finance, and personnel services specifically required to support R&D activities;
  • training to support R&D.

What R&D expenditure can be claimed for manufacturing and engineering projects?

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.

What staff roles can be included in an R&D Tax Claim for manufacturing and engineering projects?

It is not uncommon for an R&D team to consist of many individuals from different parts of the business. Your R&D project team may include the R&D Manager, a Lead Developer, Engineers, Project Co-ordinators, Quality Control and Testing specialists, and Cost Accountants, as well as members of the senior management team.

How Myriad Associates Can Help

Why choose Myriad Associates as your specialist R&D tax credits advisor?

By profiting from our specialist knowledge and experience, you can be sure of maximising your R&D tax relief claim. As a rule, Myriad Associates submit R&D tax relief claims that are up to three times higher than in-house prepared claims or those filed by generalist accountants.

  • We handle your R&D claim from start to finish, taking up just two to three hours of your time.
  • We can maximise your R&D claim because our expert consultants can identify your qualifying projects and all your eligible expenses.
  • We write technical reports describing your projects to support your claims.
  • We make sure Revenue handles your claim promptly, because of our right-first-time approach and because of our outstanding relationship with R&D tax inspectors.
  • Our 5-Step Claim Process is simplicity in itself, so you always know where we are with your claim.

We identify all your R&D activities

We capture all your R&D expenditure

We write your R&D technical reports

We submit your R&D Tax Relief claim

We work with Revenue to agree your R&D claim

With just two to three hours of your time we'll take care of your claim from start to finish

  • 100% success. We have successfully claimed R&D tax relief for all our clients, for over ten years, and without exception.
  • An unbeatable offer. Confident of delivering a winning service, we offer our services on a success-only basis.

You can download our information sheet on R&D Tax Relief for Manufacturing & Engineering Companies.

R&D Calculator

R&D Tax Relief Calculator

This R&D tax credits calculator estimates the amount of corporation tax savings you may be entitled to by making a claim for R&D tax credits.

free r&d tax calculator

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