In order to run a cost-efficient and economically sound business, those in the engineering sector need to understand not only how to make products that sell, but how to utilise the many tax rules and regulations that govern the industry. The engineering sector covers a vast range of disciplines including:-
- Aerospace engineering
- Architectural engineering
- Automotive engineering
- Biochemical engineering
- Construction engineering
- Chemical engineering
- Civil engineering
- Electrical engineering
- Green engineering
- Geotechnical engineering
- Engineering for hydrology
- Engineering for manufacturing
- Marine technology engineering
- Motorsport engineering
- Engineering relating to materials
- Mechanical engineering
- Petrochemical engineering
- Plant engineering
- Power engineering
- Process engineering
- Railway engineering
- Software engineering
- Structural Engineering
- Surveying engineering
- Systems engineering
- Transportation engineering
There is no surprise that a majority of claims fall under this broad category. HMRC really wants to see companies that are looking to solve problems within their industry.
Case study Any Fabrication Ltd
- The application of specialist plasma cutting techniques
- The utilisation of specialist 3D modelling software
- The completion of complex calculations pertaining to weight distribution and safe loading and unloading
- The development of access requirements through separate prototyping
- The manufacture and development of a prototype module
- The completion of a specialist CNC machining process
Case study Conveyor belt Ltd
There are many complexities surrounding the continual development of conveyor belts. Engineering can be a detailed and time consuming industry in which changes take time to be innovated and constructed. This can be expensive and labour-intensive, especially in the building of conveyor belt prototypes and their subsequent testing.
- The system needed to have lubricants.
- The gearbox had many complexities in its need to be adjusted to meet multiple requirements.
- New drive components required development, as well as identify the correct speed of the conveyor belt depending on the conveyor's exact incline
In the case of Conveyor belt Ltd, they had a few significant technical challenges that needed to be overcome. These included the fact that their conveyor belt system needed to have specific integration with other equipment. This was vital as, if a small aspect of the whole system didn't integrate correctly, this would cause a significant number of other problems to occur.