Businesses in the glass, UPVC, and glazing sectors are often at the forefront of technological advancements, to stay competitive. Yet, many companies miss out on valuable opportunities to claim research and development tax relief, a government incentive designed to reward companies pushing the boundaries of science and technology in their sectors. At CBTax, we’re passionate about helping businesses in these sectors unlock the full potential of their R&D activities.
Why R&D Tax Relief Matters
R&D tax relief is a government backed initiative aimed at encouraging businesses to invest in innovation. If you’re creating new products, processes, or services that push technological or scientific boundaries, or appreciably improving underlying characteristics of established products, processes, or services in a way that requires significant technological development or experimentation you could qualify for the relief. For companies in the glass sector, this means additional funds to reinvest in your business, drive growth, and stay ahead of the competition.
The Hidden Potential
Interestingly, out of all the glass sector companies we’ve supported, a high proportion had never claimed R&D tax relief before. Those that had claimed were often underutilising this benefit, missing out on substantial growth opportunities. That’s where we step in. Our expertise enables our team to dive deeper into your innovative projects and ensure that all qualifying expenditure has been accounted for, enabling you to possibly achieve improved results and bolster your innovation efforts.
Qualifying Activity
Many companies in their respective sector claim R&D tax relief for certain projects but are often unaware that further attributable aspects of their projects may qualify for R&D tax relief.
Company’s may also be unaware of the full extent of costs that meet the qualification criteria for a successful claim. This means that genuine claimants could be under (or even over) stating eligible R&D expenditure.
We’ve provided advice to aid our clients in a range of scientific and technological fields, across a diverse spectrum of sectors. Qualifying projects within the glass manufacturing sector for instance, have included:
New Product Development
- Seeking advancements in knowledge and capability to yield measurable performance outcomes, improving the quality, consistency, and efficiency of glass products for example. This has not only led to the qualification of the products themselves, but also the manufacturing processes that underpins that development journey. This has captured advancements in associated software systems, as well as supporting infrastructure and plant.
Development of Coating Line Process:
- Advancements in manufacturing processes to significantly reduce energy consumption and waste bi-products, while testing and exploring material engineering changes that have sought to generate throughput efficiencies across the coating line.
Exploration of New Product Characteristics within Existing Products
- Thermal processing of new materials including solar-coated glass and other recipe formulations.
- Re-engineering product characteristics to overcome limitations in product reliability and high defect rates, exploring route cause analysis and mitigation programs through the exploration of material development, material interactions, and fundamental changes to the manufacturing processes themselves.
Building Strong Partnerships
Our work in the glass, UPVC, and glazing sectors has allowed us to build long-lasting relationships with a large proportion of the top glass manufacturers in the UK. These partnerships are built on trust and a shared goal of driving innovation in the UK. By helping these companies submit robust R&D claims, we’ve enabled them to invest more in their technological advancements and maintain their industry-leading positions.
How We Help
Maximising your R&D claims is about more than just filling out forms. It requires a deep understanding of your business and the technical intricacies of your innovation efforts. That’s why we send qualified engineers and technical consultants with sector-specific knowledge to your premises. They work closely with your team to explore your systems, processes, and workflows in detail, ensuring every qualifying aspect of your R&D activities is captured.
Once we’ve gathered all the necessary information, our Chartered Tax Advisors and Chartered Accountants meticulously review your data to identify all eligible expenditure. They then produce precise costings to calculate your R&D claim value, ensuring you receive the maximum relief possible.
Why Choose CBTax?
Expertise and Compliance
Partnering with a chartered firm like ours means tapping into specialised taxation and technical knowledge to ensure your R&D tax relief claim is accurate and fully compliant.
Efficient Process
Chartered firms streamline the process, handling all the finer details so you can focus on what matters most, your business.
Maximised Claim Value
A chartered firm with extensive technical expertise will dig deep to find all qualifying activities and expenses, making sure you claim the maximum relief possible.
Risk Mitigation
With our expert guidance, this helps to build awareness of potential risk factors and ensure necessary due diligence is performed by each company. This promotes adherence to compliance, which is embedded within the claim preparation process. Should a claim be subject to a compliance check however, our in-house tax resolutions team are dedicated to guiding you through this process.
So, If you’re a company in the glass, UPVC, or glazing sector, now is the time to explore the benefits of R&D tax relief. Let us help you maximise your claims and fuel future innovation.
Contact CBTax today to learn how we can support your business in achieving its full R&D potential.
