R&D power buoys boat builder
A client in the process of developing a groundbreaking power boat for the international market was incurring substantial costs of development. With so many exciting innovations the project had all the hallmarks of breakthrough technology that are required for an R&D Tax Credit claim. We went through the costs and, together with the client, produced a schedule of qualifying expenditure and lodged a claim. An early initial payment was agreed before negotiations had concluded which substantially assisted the project’s cash flow and the claim was agreed within a few weeks with the client receiving a substantial cash sum.