Genuine Jay Jays is a family run military equipment manufacturer based in central Wales. Invstment in manufacturing research and development (R&D) is part of the day to day running of the company. Specialist equipment manufactured by Genuine Jay Jays is supplied to the MOD, Police, Fire Service and many others. You can check out their products on their website.
Genuine Jay Jays have developed several innovative products in recent years. From military medical bags with quick release zips, to military badges which are visible when using infra-red goggles. The designs have required the incorporation of unique materials in innovative ways. An iterative design process allowed Jay Jays to use the best materials to create high quality products that are built to last. Best of all - this work qualifys as manufacting R&D under the govermnents tax credits scheme.
Genuine Jay Jays had one meeting with Zest, lasting about 75 minutes. After the meeting – a few emails were enough to share all the information that was required to make a claim. In total – Simon Teasdale from Genuine Jay Jays estimates the claim took less than 4 hours of his time.
Zest were able to ensure all the qualifying costs were included in the claim. This meant it was not just the cost of the time spent performing the R&D. Zest were able to advise on the material costs and utilities costs which were permissible too.
Because Genuine Jay Jays claim was for previous years – part of the money due to them was paid as a cash sum to their account by HMRC.
In total the process from the initial meeting, till the claim being approved, took about 14 days. Once the claim was submitted to HMRC, it took just over a month to be approved. The total value of the claim over 2 years was £6,000. All-in-all a great result, and an example of how a well-managed R&D tax credit claim can be quick, painless, and effective when conducted by Zest R&D.
If you think you may have conducted R&D - and would like to discuss it with us then get in touch for a free consultation.
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