R&D in Marine Engineering
R&D can help a marine engineering company stay ahead of changing regulations by developing new technologies and designs that comply with new safety and environmental standards.
R&D can be used to develop new hull shapes that reduce drag and improve stability, resulting in faster and more efficient vessels.
A marine engineering company can invest in R&D to develop new propulsion systems such as hybrid or electric systems, that reduce emissions and improve fuel efficiency.
R&D can be used to develop new safety systems, such as collision avoidance technology or advanced fire suppression systems, to improve the safety of crew members and passengers.
R&D can help a marine engineering company explore the use of new materials such as advanced composites, to reduce the weight of vessels and structures while increasing strength and durability.
R&D can be used to develop advanced monitoring systems for marine environments. This includes studying water quality, marine biodiversity and ecosystem health, as well as designing sensors, data collection methods and analytical tools to assess and mitigate the impact of human activities on marine ecosystems.
R&D can be employed to develop and implement marine renewable energy technologies. This includes studying wave, tidal and offshore wind energy systems, designing efficient marine power generation devices, and addressing technical challenges to harness clean and sustainable energy from the ocean.
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If you believe your marine engineering company could benefit from R&D tax relief, please do not hesitate to contact us today.
Our team of experts is here to help you navigate the complexities of research and development tax relief and ensure that you receive the maximum benefit for your innovative work.
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R&D Tax Relief
From initial discovery call and information gathering through to claim preparation, supporting documentation and submission. We're your expert partner in R&D tax relief submissions.
For larger companies we can support claim preparations under the RDEC (Research & Development Expenditure Credit) scheme, ensuring robust, defensible and maximised claims .
HMRC Enquiry Support
We'll liaise with HMRC on your behalf, ensuring no unnecessary delays on receiving your claim and no unfair reductions. This service is provided as standard for our clients.
R&D Claim Review
If you're making an R&D tax relief claim, our team can help ensure you're compliant with the latest legislation and identify any potential claim uplift. Speak to our team for more information.
If you work with innovative businesses and you're interested in partnering with us to ensure your clients are maximising their R&D tax relief, speak to our partner program lead.