M&E Services

R&D Tax Credit Examples, Hints & Tips To Maximise Value
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M&E Services

M&E Services (Mechanical and Electrical) contribute to a large part of the R&D incentive. With the sector still climbing, there has never been a better time to start your R&D claim!

We know that there are a lot of nuances regarding this incentive but that’s why specialists like ourselves are on the market. R&D is everywhere without you even necessarily realising this. We can conduct a casual meeting with yourself to understand your business, how you operate and what costs you’ve incurred that could qualify. 

4 Project Examples

Below are project examples that would qualify for R&D tax credits in M&E Services

Counting King Manufacturing Sector Specific R&D

Developing

The development of new tools, which are designed to improve efficiency and workflow, which in turn could create new processes to increase capacity.

Integrating

Integrating new systems that are no longer compatible and enhancing what the systems could once achieve. This would allow to adapt to the movement of technology and to have a system that has an advancement.

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Safety

The amendment of tools and processes that promote safety and comply with safety regulations can be considered as R&D.

Counting King R&D Budget Increase

Modifying

Modifying existing equipment which serves an advancement within the sector. For example modifying a piece of equipment that is more energy-efficient.

Costs Which Don't Qualify

Sometimes the parts you may think qualify, don’t. Here are some examples of what doesn’t qualify in M&E Services

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Rent

Rent does not qualify for R&D Tax Credits under any circumstance.

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Marketing

Anything that comes under marketing is unable to be added into the costs in your claim. For example, making a website for your company website would not be able to qualify.

Legal actions - Blue

Patent Costs

The cost of applying for a patent 'IP intellectual property' is not able to qualify under R&D Tax Credits.

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Purchasing Land

Purchasing land is another cost which will not qualify for the incentive. So for example, if you purchased land to develop the idea the land will not be allowed to be claim for.

How Much Could You Receive In

M&E Services R&D Tax Credits?

Use our free calculator today and you could have a significant benefit amount within 28 days!

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Find out how simple it is to claim R&D Tax Credits in the M&E Services

Start Your Claim With Counting King Today!

Don’t hesitate on starting your claim. The government would like to say well done for your innovate hard work so check if you could be entitled to the money they are offering to support your business. With the Counting King simple process, we will go through if you are eligible and if you are we will go through the process and work out the amount you can claim.  It is a process we are experts in and will take the lead on producing for you.

We have you covered!

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Quick Q&A

In short, yes. The best thing to do is to figure out how much R&D you are doing, you should then be able to assign a proportion of your light, heat, water and power that was used for your R&D and amend your claim accordingly. 

One of the biggest portions of claims for the Research and Development tax incentive is circled around staff costs. Whether that might be people directly involved within the R&D or others who might be indirectly involved.

No, you do not need to create a new product to qualify for R&D Tax Credits. For example, if you tweaked a cleaning product which had an advancement, this could be claimed for the R&D incentive. Anytime you have attempted an advancement in the M&E sector, whether this worked or not, could still have the potential to be a qualifying activity.

In 2020, there were a staggering 11,895 claims processed by HMRC for the M&E Services sector, on average you could receive £50,021 for your successful claim based on current statistics.

With these stats, there has never been a better time to start your R&D Claim!

Where do we start? You can claim for:

  • New machinery creation
  • Innovating new tools
  • A portion of your utilities bill
  • Subcontractors (up to 65%)

Yes! You are able to claim for unsuccessful projects as this falls under the ‘uncertainty’ you faced during the Research and Development you undertook.

Examples of uncertainty for R&D are;

  • Fixing an issue with machinery that does not meet your manufacturing requirements, however coming into an issue when doing so
  • Managing environmental factors, decreasing your carbon footprint during your manufacturing process 
  • Adaptations and amendments in current products and/or services that didn’t go as anticipated and still needs to be amended

Find more about R&D in your sector!

Depending on your company size, you may qualify under the RDEC scheme (Research and Development Expenditure Credit) or under SME incentive (Small Medium Enterprises).

Find out more about your eligibility today.

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