COST OPTIMISATION


FEATURE SPONSOR


UNLOCK HIDDEN CASH WITH R&D TAX CREDITS


Many businesses operating in the wind energy industries push technological boundaries on a daily basis. Whether it is prototyping, development or experimentation with materials or physical production processes, there’s a wide variety of disciplines involved in advancing wind energy science across all elements of the turbine lifecycle.


Even though renewable energy businesses are spending staggering amounts on developing new technologies, very few are actually claiming the hundreds of thousands of pounds in R&D tax relief that they are entitled to. In the current economic climate, it’s still surprising that more wind energy businesses don’t explore all of the tax incentives available to help lighten the burden by either reducing tax payable and or if applicable, securing a tax repayment.


R&D TAX RELIEF


R&D tax relief is one of the government’s most generous forms for tax relief. It’s available to all kinds of businesses, and has proven very lucrative in the past for companies in the process & manufacturing sector. It’s worth investigating too: for every £100 of qualifying R&D expenditure, relief is available at £26.00 for profit-making SMEs and £33.35 for loss-making SMEs.


While for large companies for every £100 of qualifying R&D expenditure, relief is available at £8.80.


DOES YOUR BUSINESS QUALIFY?


If your business spends money in paying qualified staff to attempt to solve what at first appears to be an un-solvable problem and as a result, you are improving a product/service, you could indeed be eligible for tax relief.


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www.windenergynetwork.co.uk


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