There has been much publicity within the construction industry regarding the low level of claims for R&D Tax Credits from this sector.
What is R&D in the construction industry?
R&D is about seeking technological advances, which involve overcoming obstacles and resolving uncertainty. This could be applicable to construction or engineering projects, but there is no type or version of R&D in construction. R&D in the construction industry could relate to the innovative use of materials or overcoming problems on site.
Often on construction sites there are unique circumstances in which only a bespoke solution will meet stringent performance standards or legislative requirements.
Gateley Capitus will happily provide a free consultation to discuss your activities over the past 2 years and future plans, to see if you could qualify for this important tax incentive. If you are already claiming, they will be able to assess your claims and see how you could benefit from their experience and expertise in this area.