Research and Development (R&D) can be found across almost every segment of the Construction Sector. From architecture to contracting, groundworks to roofing, companies can claim up to a third of their costs back on challenging projects.
The average R&D Tax Relief Scheme claim made by businesses in the UK is £200,000. This is not something to be overlooked and is one of the best tax reliefs available to the construction sector.
It exists in almost every sector. However less than 30% of eligible companies are aware of and utilise the scheme. Uptake is increasing rapidly, and many companies are realising the significant benefit. One of the biggest surges in claims is coming from the construction sector.
If the answer is yes to either of these questions, then the chances are you are entitled to money back from this kind of work – even if it wasn’t a success.