Construction R&D

R&D Tax Credit Examples, Hints & Tips To Maximise Value
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Construction

Top 10 R&D Sector

We still can’t get our heads around why companies don’t claim for their R&D! With over quarter of a million construction companies operating in the UK, only 3,055 claimed their R&D expenses… we ask why? 

We know that there are a lot of nuances regarding this incentive but that’s what specialists like ourselves are on the market. R&D is everywhere without you even necessarily realising this. We can conduct a casual meeting with yourself to understand your business, how you operate and what costs you’ve incurred that could qualify. 

 

How much could you receive in

Software and Technology R&D Tax Credits?

Use our free calculator today and you could have a significant benefit amount within 28 days!

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Case Study

Find out how we helped a construction company receive a large benefit from HMRC

Companies that have claimed for R&D in construction

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4 Project Exmaples

Find out what you could claim for in construction

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New Environmental Methods

Creating a building using a new environmental methods is one way to be eligible for the R&D Tax Credit incentive. If you have created a building through more environmentally friendly and bespoke methods, then your project screams R&D!

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Construction techniques

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.

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Machine building

If you have developed a new machine that improves productivity and it's one of its kind, get in touch with us to discuss your claim! Remember, even improving existing machinery to make your process more efficient can qualify, as long as this improvement is not already on the market.

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New materials

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. Loss-making and unsuccessful R&D projects qualify as long as you have incurred a cost.

FAQ

Frequently asked questions.

In short, yes. The best thing to do is to figure out how much R&D you are doing, you should then be able to assign a proportion of your light, heat, water and power that was used for your R&D and amend your claim accordingly. 

One of the biggest portions of claims for the Research and Development tax incentive is circled around staff costs. Whether that might be people directly involved within the R&D or others who might be indirectly involved.

No, you do not need to create a new product to qualify for R&D Tax Credits. For example, if you tweaked a cleaning product which had an advancement, this could be claimed for the R&D incentive. Anytime you have attempted an advancement in the construction sector, whether this worked or not, could still have the potential to be a qualifying activity.

In 2020, there were only 3,055 claims processed by HMRC for the Construction sector (out of quarter of a million), but on average you could receive £57,283 for your successful claim based on current statistics.

Where do we start? You can claim for:

  • New machinery creation
  • New bespoke ways of increasing efficiency during your construction process – this could be through creation or alteration of machinery or systems
  • A portion of your utilities bill
  • Subcontractors (up to 65%)

Yes! You are able to claim for unsuccessful projects as this falls under the ‘uncertainty’ you faced during the Research and Development you undertook.

Examples of uncertainty for R&D are;

  • Fixing an issue with machinery that does not meet your requirements however coming in to an error when doing so.
  • Managing environmental factors, decreasing your carbon footprint during  your construction process 
  • Adaptations and amendments in current products and/or services, but unable to solve them and having to revisit and adapt again

Download our Infographic

Find out how simple it is to claim your Software and Technology R&D Tax Credits.

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Insight

Update Article & News.

UK Innovation Strategy

UK Innovation Strategy A recent government paper was published on 22nd July 2021 – titled ‘UK Innovation Strategy: leading the future by creating it’  

Read More »

Manufacturing case study

Looking for a Manufacturing case study? Start my claim Been told you don’t qualify? A window manufacturer, based in the heart West Yorkshire had previously

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Costs which don't qualify

Construction specific costs that you cannot claim for

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Regulations

If you have come up with a way to improve a process due to compliance issues or regulations such as HSE, this won't qualify under the incentive as the project did not start with this intention. Your project must be designed for the innovation to be at the forefront.

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Market share catch up

If your new product is developed by copying your competitors' in order to catch up on market share, your project won't qualify as the innovation isn't there.

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Non scientific/technical advancements

Always make sure that your product development contributes to the advancement of technology or science. Without an actual advancement, your expenditure won't qualify.

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State funding

This seems like an obvious one but it's always worth reiterating; if your R&D has been state funded, then non of the development costs will qualify for the incentive as your company hasn't incurred any costs.

Find more about R&D in your sector!

Depending on your company size, you may qualify under the RDEC scheme (Research and Development Expenditure Credit) or under SME incentive (Small Medium Enterprises).

Find out more about your eligibility today.

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Start your claim with Counting King today!

Don’t hesitate on starting your claim, you could be entitled to money you didn’t realise you could have. With Counting Kings simple process you don’t need to worry about your time invested in the claim.

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