Cast iron case for a tax credit
Cast Iron Welding Services earned a £10,000 tax credit from the Government after the work required for a special project proved so complex that it qualified as R&D.
Cast Iron Welding Services (CIWS) had previously been told by tax professionals that its activities didn’t qualify under HMRC’s R&D tax credit scheme.
But after agreeing to a third review of the company’s activity by tax relief specialists Catax, its innovations were finally recognised.
Not all CIWS’ work qualifies under the rules but one project in particular caught Catax’s eye.
