Get in touch
Please contact us to discuss how working with Myriad Associates can maximise and secure R&D funding opportunities for your business.
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.
Common examples of product and process development projects that may qualify for R&D tax relief include:
In terms of qualifying tasks, the following activities would be considered eligible for R&D tax credits:
In addition, certain indirect support activities may qualify for R&D tax relief, such as:
You can claim relief on costs that have been expensed through the Profit & Loss account and in certain circumstances you can also claim capitalised expenditure (providing that the assets purchased have been classified as Intangible Assets). The main areas of costs that can be claimed are:
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.
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 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 HMRC 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
You can download our information sheet on R&D Tax Relief for Manufacturing & Engineering Companies.
At Myriad Associates, we've had the opportunity to provide R&D Tax Credit claim services for some of the UK's most innovative manufacturing and engineering companies.
For almost 30 years, Charpak has been a market leader and innovator of vacuum-formed packaging.
Charpak have developed thermo-formed packaging products for all market sectors worldwide as well as specialising in packaging for food and pharmaceutical products.
Charpak’s specialist team work on initial concepts through to the finished product, offering design, prototyping and production of its packaging products.
Myriad Associates prepared detailed and very accurate technical reports which meant my input and time was kept to a minimum. Their manufacturing knowledge and experience was evidenced by the quality of their technical reports.Gary Smith, Technical Director, Charpak Limited
Craigen Engineering Ltd, trading as N.D. Precision Products, are manufacturers of high precision tooling from concept design to prototyping across all sectors.
Myriad managed our R&D tax credits claim from start to finish, significantly reducing the time we spent when working with our previous R&D Tax Consultants, as they were able to complete the technical side of the claim.Emma Ker, Finance Manager, N.D. Precision Products
Cleaver Scientific is a UK based electrophoresis equipment supplier who provide premium and technically enhanced high-specification, low-cost electrophoresis equipment for the world market.
It was clear that Myriad Associates were not just very knowledgable about the R&D Tax Relief Scheme, they also made it their business to understand our technology, process and business costs model.Adie Cleaver, Managing Director, Cleaver Scientific Limited
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 relief.