Securing significant R&D Tax Relief for Space Engineering
“Innovation is part of our day to day work as we seek to solve our customer's challenges. Ayming UK support us to identify the areas where this work qualifies under HMRC's R&D guidelines, allowing us to achieve significant financial benefits. Ayming UK carry out their work without being intrusive whilst providing clear advice about the complicated subject of R&D Tax Relief"
- Charles Murphy, Finance Director, Space Engineering
Innovative engineering is the foundation of Space Engineering’s business. The company engages in eligible R&D in the development of new refrigeration systems and HVAC solutions, which include innovative methods to enhance operational and energy efficiency. Innovations were found across numerous projects within our client's portfolio, including:
Identifying & Claiming Eligible R&D Tax Benefits
Alternative Refrigeration Systems and Heat Reclaim: Research into alternative refrigerants, which are environmentally positive and don’t emit harmful gasses. This resulted in the development of products such as the WP16 and the WP03.
Metrix System: Development of Space Engineering’s in-house developed IT service management system, including enhancement of dynamic scheduling, reporting functionality, legislative checks and integration.
And How We Helped...
The Ayming UK R&D tax team successfully compiled and submitted seven claims for Space Engineering, identifying:
2009 - 2010: £449,000 of eligible R&D
2011 - 2013: £1,106,000 of eligible R&D
2014 – 2015: £783,062 of eligible R&D