Sector: Manufacturing
Founded in 1998, Truck Hydraulics Ltd are renowned haulage industry figures. They provide innovative hydraulics product technologies, design and manufacturing solutions, and also facilitate the allocation of spare parts
We have found that the haulage industry is one of many areas where businesses are investing strongly in research and development, but where company directors and their financial advisors are often unaware that they qualify for R&D tax relief.
At first, Truck Hydraulics were sceptical about their R&D project satisfying the HMRC eligibility criteria. Our team took on the challenge of partnering with the Truck Hydraulics team to identify the real scope of eligible expenditure and to convince the company that their R&D did indeed qualify.
A series of detailed planning meetings was backed up by a site visit to Truck Hydraulics. Our R&D Consultants discovered more important details on the eligible R&D activities and explained exactly how we would manage the process of of submitting their R&D project related costs via our Claim Portal. Keeping it simple and easy for them at every step.
The result
The accounting data was processed in our Claims Portal and supported by a Technical Report written by one of our in-house Easy R&D Tax Credit specialists. Their claim went through first time with no queries by HMRC and the tax relief payment was a significant and tangible benefit to the company.
Working with Easy R&D, who explained how our activities qualified for tax relief and simplified the claim process for us, has been invaluable. We’re really happy with the claim we received and have referred Easy R&D to other clients.
Kristian Jones
Founder, Truck Hydraulics
For more information on how Easy R&D can support your business, please contact us directly.
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