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Trust The R&D Experts
Claim For
Research & Development
In Construction
Begin your R&D Tax Credits claim with Counting King and only pay your fee once HMRC has given you your benefit!
- No upfront fees
- 20% fee ONLY once you’ve been paid
- 12-month rolling contracts
- Dedicated analyst
- No more than 1 hour of your time
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Examples of qualifying R&D Tax Credits projects in Construction:
Developing an enhanced version of a system that is already on the market.
If you have developed a new machine that improves productivity and it’s one of its kind.
If you are creating or experimenting with new materials, you could qualify to claim. Remember, even if you have worked on developing a new material that’s lighter/more endurable etc. but you haven’t been successful, you could still claim for your costs.
Designing and manufacturing a product to overcoming issues that are presented within a specific industry (gap in the market).
Developing completely new technical features, functions which are currently unavailable.
You can claim R&D on creating or improving existing construction techniques. If you have developed a new process that allows you to construct in a more efficient way etc. then your project most likely qualifies.
As per HMRC’s guidelines, a project does not have to be successfully completed for it to be classed as qualifying under the R&D Tax Incentive.
Failed projects, where the technical uncertainties could not be overcome and no workaround created, can still qualify under the incentive as long as the work carried out falls within the criteria.
How Does Counting King Handle My Claim?
The process is simple:
Discovery meeting
We will always conduct a discovery meeting to talk you through the incentive, explain our process, and establish whether your company carried out eligible research and development activity.
Site visit
During the second stage, we will visit your site and conduct informal interviews with key personnel to gain a deeper understand of the business for the technical report. We will also ask for your up-to-date financial data for our in-house analysis.
Benefit Analysis
We will conduct our research and development benefit analysis, where we assess all eligible costs and calculate your maximum benefit.
Submission
We will submit your claim to HMRC within 2 weeks of securing all completed documents. HMRC will process your payable credit claim and pay out the benefit within 28 days. In the case of HMRC requiring additional information, Counting King will oversee this process.
Why Choose Counting King?
Trusted by clients
Having a customer-centric approach allows us to understand our client’s needs and help them on their journey. We understand business growth trajectories and how difficult they can be without proper support.
Endorsed by Peers
We know we provide 1st class service but it is always nice to be appreciated and recognised for going above and beyond for our clients. We would love to show you this level of service and help your business.
Industry Regulated
We are Tax & Funding experts, making it vital that we provide compliant and accurate advice. As chartered tax advisors, we abide by a regulatory body to ensure we provide the best service.
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Get in touch with us today to discuss your potential claim for FREE. We’ll
guide you through our process and let you know of additional grants and
funding opportunities you could tap into.
