Have you or your company spent money on research and development over the past two financial years?
Have you embarked on any innovative or difficult projects, which you weren’t certain could even be achieved?
Did your products or services require extensive trial and testing throughout the creation process?
If so, you may qualify to claim back up to 33.4% of eligible R&D expenditure through HMRC’s R&D Tax Relief Initiative.
In the construction industry, each project has its own set of uncertainties and challenges!
To resolve this, innovation will need to take place. Costs related to the innovation or problem solving can be included in your R&D entitlement. See some examples below as to where R&D activity may take pace within the construction space.
Ground conditions can be a huge challenge although this can be resolved through innovation, such as issues with piling or foundations. On occasions construction companies will come up against, previously unidentified ground contamination thus affecting. Some methods to overcome this are considered R&D.
New techniques implemented to deal with issues redeveloping older structures can require careful
trial and testing. Some techniques will have fallen out of use and will no longer be appropriate.
A real concern is the growing skills shortage.
The age of a building can cause real problems for developers and construction companies.
Uncertainties surrounding different systems used from different eras host their own set of
challenges. Elements of R&D take place to overcome such challenges.
At Alexander Clifford & Co our technical analysts are experts in your field and also have exceptional knowledge when it comes to the guidelines, clauses and scheme legislation regarding your eligibility. Don’t risk getting it wrong! HMRC have a very stringent in house compliant procedure. Our experts can make this easy for you and less time consuming by asking you some specific questions to determine your eligibility.
I spent four and a half years in the British army. The 1st Battalion the parachute regiment.
I saw active service in Northern Ireland, Kosovo, Sierra Leone. I spent nine years in the civil engineering industry with a company called Vibro Menard.
I am now a Research Analyst at Alexander Clifford & Co Ltd looking after businesses in the construction and engineering sector, retrieving money owed to them.
Are you eligible to claim R&D tax credits?
Our close relationship and precious reputation has enabled HMRC to approve 100’s of our claims year on year. We have success stories from every industry and our experts will establish all qualifying grounds of eligibility within your sector to maximise your entitlement and leave no stone unturned. Could you have been missing out on tens, or even hundreds of thousands of pounds over the last 20 years
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