Supporting Power & Air Conditioning Businesses

Power & Air Conditioning Sector Statistics

In 2016-17 there were a mere 65 claims totalling £5M through the SME scheme supporting Power & Air Conditioning businesses. In addition to these, there were 25 claims totalling less than £5M through the RDEC (Large Company) scheme. There were also a further 10 claims totalling less than £5M£ from SMEs claiming thorough the RDEC scheme*.

* SMEs may claim through the RDEC scheme where they have projects / activities which are not eligible for the SME scheme. This may include (but is not limited to) R&D subcontract work for large businesses, and projects / activities which are the recipient of certain types of grant funding.

95 claims made in 2016-17

Average Claim Value = £105,263

Total amount paid by HMRC = £10M

Typical projects supporting Power & Air Conditioning businesses may include the design and development of new power systems, storage mechanisms, distribution processes and technical processes to make operations more productive.

To find out what you’re doing and have done which may be eligible for a claim, scroll to the bottom of this page and contact us for our free, no commitment, chat.

RECENT FEEDBACK

We’re always going to wax lyrical about our R&D Tax Credits service because we’re extremely proud of the system we’ve created. So why not listen to what our clients have to say about us instead?

WANT TO KNOW MORE?

Please wait...
R&D Tax Claims - Power and Aircon > R&D Tax Credits