Productiv – Maxing the Tax Relief for Technology

MPA group working with Productiv

Productiv specialises in developing innovative low-carbon technologies for the automotive and energy supply chains.

Many small UK enterprises are prototyping remarkable low carbon technologies, with the potential to transform the vehicles of tomorrow, and to enable manufacturers to meet stringent EU emissions demands. Productiv’s innovative work helps new technology developers to enter the supply chain by turning their early stage technology concepts into fully proven and industrialised products.

Nick Rodgers, Finance Director for Productiv, says:

On the journey to finding a technology solution that works at scale, we often find solutions that don’t work before advancing a technology solution that does! MPA have applied their knowledge and insight in our sector to interpret this to produce a robust claim that works for us and HMRC.

In my experience, an accountant wouldn’t have that level of detailed understanding of, and expertise in, engineering and technology and the technical processes we use to deliver results for our customers. MPA have taken time to understand our business and the research and development we do.

Productiv was already claiming through HMRC’s R&D Tax Credit scheme. However, the claim was difficult and complex to put together accurately. This was due to the large number of continuous projects, that it receives grant funding, and was difficult to assess whether it qualified under the SME or Large Company scheme.

Nick Rodgers outlines the role played by MPA:

MPA made the whole process simple and straightforward, and they clearly knew the complexities of the tax and grant system as it applied to research and development.

Productiv is constantly enhancing its existing processes and creating new ones as part of the application development. This is another area where MPA's technical analysts, thanks to their industry experience, were able to identify qualifying activities.

Working with MPA for three years has enabled us to identify significant increases in our qualifying R&D expenditure year on year. MPA experts have always responded promptly, allowing us to claim repayments from HMRC quickly and with the minimum of fuss.

Nick Rodgers, Finance Director