Case study

Engineering company received a tax repayment of £1.1 million in a 3 year period
Our client’s auditor had submitted claims for R&D tax relief to a value of around £400,000, triggering tax repayments of around £80,000. These encompassed a number of engineering projects but focused purely on the design stage of each project. Further, they had discounted all projects that had any element of customer funding.

How we helped
We carried out a technical due diligence exercise into all areas of the company’s activities and discovered that a number of projects had been omitted. The auditor had only focused on projects that had been successful. A number of projects had not met the desired objectives and, whilst these were deemed to have failed, they still qualified for R&D tax relief, leading to a £1.1m claim over three years.