RIFT Avg customer claim
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Total value of RIFT claims
Although engineering tends to see itself as an industry of problem solvers rather than innovators, that’s exactly the dynamism that R&D Tax Credits were designed to reward.
Examples of qualifying work include:
- Making processes and products safer, greener or more energy efficient.
- Innovative decommissioning, disposal or recycling, including environmental clean-up.
- Improving or introducing new instrumentation or tooling.
- Specialised machine programming or CAD/CAM activity.
- Machining complex components from exotic materials.
McNealy Brown: The Value of Relationships
In 2018 alone RIFT was able to identify £130,725.89 of qualifying R&D activity for specialist steel fabricators and architectural metalworkers, McNealy Brown limited.
Having worked together for a number of years RIFT already had a good understanding of their project, process and ways of working. This relationship allowed RIFT to maximise the value of the claims each year.
Their 2018 projects in Westminster Abbey and the Dartford Tunnel both qualified for R&D tax relief. The Westminster Abbey work involved building steel and timber staircases, requiring a bespoke hoist and significant innovation to synthetically “age” some of the materials.
The Dartford Tunnel project meant stopping both existing and future leaks in the crossing. A bespoke guttering system was required, since no suitable materials existed.