HEALTH & SAFETY
It's a dangerous industry construction, and health and safety measures are continually being updated, resulting in the adaptation of companies in order to comply. Advancements in safety barriers, innovative scaffolding, safer working platforms or the automation of dangerous tasks may be needed.
GROUND CONDITIONS
Managing challenging ground conditions through innovation to resolve issues surrounding piling or foundations. The innovative handling of unforeseen and unidentified contamination.
MATERIALS
The development of, or use of, new or improved materials during projects. Such as concrete, cement, tarmac, glass, steel, brick or insulation can often be an indication of the use of innovation and an advancement of knowledge.
INDUSTRY DEVELOPMENT
The development of new construction methods to increase project efficiency or improve safety. Or the development of engineering solutions to overcome complex or unique site or construction issues are also Signs a company is involved in research and development and will be eligible to benefit under the incentive.
Specific areas of eligibility
Overcoming difficult environmental or ground conditions.
Foundation engineering to mitigate unstable soil or sand effects.
The use of new or improved materials such as recycled products.
Designing or improving greener or more efficient initiatives and solutions.
Innovative architectural designs.
Designing and improving construction techniques and equipment.
Improving construction site health
and safety.
Development of scanning and survey techniques.
Our experts will forensically examine your entire company to discover the areas of R&D within it.
We will get a feel for your business as
an entirety and fully understand the complexities of its day to day running as well as the major projects that are on the go.
Their expertise allows them to uncover many qualifying costs that may have been overlooked by accountants.
FAQs
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R&D Tax Scheme ExplainedTo qualify for R&D tax relief, the company must account for Corporation Tax, but the relief is available to both profit and loss-making businesses.
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Does my business qualify?If you can answer ‘Yes’ to most of these questions then, based on our experience across thousands of clients, it looks like you could have a successful claim: Have you developed new tools, products or services using technology? Have you tried to improve your existing products through technical changes? Have you had to resolve technical problems with any of your products? Have you found more efficient ways to produce your products or services? Have you experimented with new equipment or production techniques? At the start of a project, did you ever think ‘I’m not sure of the best way to do this’? Have any of your projects failed for technical reasons?
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What is claimable within my business?Staff costs, materials, utilities, reimbursed travel costs, light & heat, and subcontractor costs are most common & are the main areas in which you can claim from.
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How does the R&D Relief Scheme work?Companies that invest in developing new products, processes, or services, as well as improving existing ones, qualify for R&D tax relief. If you spend money on innovation, you can claim an R&D tax credit to receive a cash payment and/or a Corporation Tax reduction. The potential for identifying R&D is vast and it exists in every industry. In addition, if you are claiming for the first time and have been trading for over two years this will allow you to claim for two previous Tax years.
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What are the benefits?The benefits of the programme include increased cash flow, which is especially important to small, developing companies. It also encourages development of a corporate philosophy that embraces innovation and improvement.
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Any additional cost?We charge no up-front costs, and should we fail to identify a claim then we will not charge you a fee at all. In other words, we operate on a ‘No Win, No Fee’ basis.
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What are R&D Tax Credits?Tax credits for research and development (R&D) are a government tax incentive put in place to reward UK businesses for investing in innovation & research and development. They are a useful source of capital for businesses to invest in advancing R&D, hiring new employees, and subsequently allowing businesses to expand.
