POWERING PATENT BOX FOR TBS ENGINEERING

Founded in 1968, TBS Engineering is a world-leader in producing automatic machinery for the lead acid battery industry.

It develops and supplies machines to original equipment and replacement battery manufacturers that go on to produce millions of batteries that power the world’s biggest names in automotive engineering.

The company now has one of the most experienced teams in the sector with more than 200 employees working around the world.

Over the years it has expanded and in 2014 alone invested more than £1 million in research and development to pioneer new technologies and support customers with class-leading battery assembly equipment. It continues to this day to invest heavily in its R&D programme. line sales. Due to the complexities involved, Hazlewoods arranged a meeting with HM Revenue and Customs at the company’s premises to discuss and agree its conclusions.

Jon Curtis, Group Finance Director of TBS Engineering Limited, said: “Hazlewoods made a complicated claim process relatively straightforward for us.

“After initial discussions to understand how the patented items incorporated into our products, Hazlewoods Corporate Tax partner David Clift, along with Jemma Vaughan liaised directly with HMRC on our behalf to ensure that all relevant income was fully captured.

When Patent Box was first introduced, Hazlewoods explained the intricacies of the legislation to TBS and how this could apply to the company’s assembly

“The services provided to us in respect of R&D and Patent Box reliefs has been invaluable.”