Datafox specialises in R&D Tax Credits for the Motorsport industry
Datafox specialises in delivering R&D Tax Credits for those within the Motorsport industry.
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The UK’s Motorsport industry and high-performance engineering sector are second to none when it comes to innovation. Since the early days of competitive sport, Britain has been at the forefront of innovation and design of exceptional Grand Prix cars. One of the biggest testament to the UK’s motorsport related research and development capabilities is that 7 out of 10 Formula One teams have based themselves in the country to make the most of all the cutting-edge R&D that takes place here.
The UK’s Motorsport Valley ® is home to the world’s biggest cluster of high-performance engineering organisations. The over 4,300 businesses based in the valley are leading manufacturers and exporters of automotive components, techniques, and services, with an annual turnover of £9 billion in worldwide sales. Even at home, the innovative technology and designs from the motorsport industry are successfully being employed in other sectors such as defence, marine, healthcare and aerospace, to achieve optimal performance at all levels. The Motorsport industry is constantly evolving and conducting pioneering R&D, so much so that businesses within the Motorsport industry put at least 30% of their turnover back into research and development.
Even with all the innovation and contribution that the Motorsport industry makes to the economy, recent times have been tough for businesses within this sector. Moreover, a large number of these businesses are still unaware of the funding help available to them through the government’s R&D Tax Credit scheme. There are several areas of R&D and new product development that could be eligible for R&D Tax relief. Some very specific areas include:
- Development of innovative fuel injection technology that increases fuel efficiency and lowers emissions
- Improvement in the design and function of exhaust headers to generate improved horsepower and performance
- Engineering more accurate Manifold Absolute Pressure (MaP) sensors to increase power generation capability and improve engine performance
- Designing innovative automotive part prototypes
- Development of improved tyre designs and testing of different tyre materials
- Improvement in torque converter system, CAD design, and CNC programming
- Development and testing of high-performance components
Why Choose Datafox for Motorsport Industry R&D Tax Credit Claims?
Datafox specialises in helping those within the Motorsport industry make successful R&D Tax Credit claims. Our R&D tax experts understand this industry and can help identify all the opportunities in your project that could qualify for R&D Tax relief. We will expertly write your claim and keep you updated on its progress at every stage. We work on NO-WIN-NO FEE basis with NO UPFRONT COSTS, so you can rest assured that your claim is in safe hands.
Motorsport Industry Innovation
Navigating the tricky landscape of the Motorsport industry is no cakewalk. The R&D Tax Credit scheme is meant to help businesses continue their ground-breaking research and development to accelerate innovation within the sector, as any invention in this industry also benefits other important areas of the economy. No matter which area your innovation and R&D is focused on, we can check its eligibility and help you receive the maximum potential pay-out for the same.
Ready to apply?
If you’re ready to apply for your R&D tax refund, please call us on the freephone number below or use this contact form and one of our helpful team will be in touch to help.
By completing the above contact form you consent that Datafox can contact you with regard to an R&D Tax Credits claim and use your details during any future claims.
Stuff you need to know
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Learn about the changes related to R&D Tax Credits announced in the autumn budget 2021 and how they impact businesses in the UK.read more
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