R&D Claims for the Automotive Sector
As an industry that is constantly evolving and in tune with the latest technology, it should come as no surprise that the automotive sector has always been widely involved in taking advantage of research & development activities in order to improve the existing technology used in the production of vehicles.
Ranging from the introduction of the rotary engine and new safety features through to the innovation of automating the manufacturing process, there’s lots of new and exciting technology continuing to drive this industry forward.
Focusing on fuel efficiency, improving performance, integrating artificial intelligence and battery technology, there’s lots of innovative projects that can be kick started with R&D credits. Designed to inspire innovation, there’s lots of activities that you can claim for.
What costs qualify for R&D Relief in the Automotive sector?
Examples of eligible R&D activities are:
- New/improved safety features
- Testing to find fault
- Creating new products
- Creating new parts
- Improving processes
- Integration of connective technologies for safety and predictive maintenance
- Embracing exciting new technology
- Exploring alternative fuel types or improved fuel formulae
- Working with new/improved materials for light-weighting
- Improve the longevity of vehicles
- New manufacturing processes to reduce waste
Please note: In any R&D project, it is quite common for an R&D team to consist of a number of individuals from different parts of the business, all of which can be included in the R&D claim.
What are you waiting for? Start your R&D claim today!
Remember, if you have any questions about any of our services &/or would like to check your claim eligibility, please don’t hesitate to get in touch!