Construction Sector

R&D Tax Relief offers crucial cashflow for the construction sector by rewarding companies for high risk and demanding projects

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.

Key Benefits

The scope for qualifying R&D is huge :

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.

Had to solve a problem or find a solution to a challenging project? or

Have you had to trial new materials or prototype a design?

Had to solve a problem or find a solution to a challenging project? or

Have you had to trial new materials or prototype a design?

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.

Here are a few examples of activity that can qualify under the R&D tax credit scheme:

- Development of unique solutions to overcome challenging ground conditions
- Technical design of building and solving structural and design challenges
- Development of strengthening solutions for aged buildings, extensions and basements
- Developing construction techniques or assembly to minimize disruption on live sites or reduce construction time and adapting to modern methods of construction
- Problem solving to come up with solutions to onsite challenges eg. restricted access
- Achieving novel requirements for high end builds or to meet environmental requirements
- Design and installation of specialist security, HVAC and M&E systems

Features

Introduced in 2000, the R&D Tax Relief Scheme enables companies to reduce their corporation tax bill or receive a cash refund of up to 33% of their R&D expenditure.

This can be applied from the business’ previous two financial years and used by both profitable and loss-making companies.

Here are some firms we have helped in the past few months:

Architecture firm – received £380k

Commercial steel frame contractor – received £150k

Groundworks & Civil Engineering firm – received £220k

Kitchen renovation specialist – received £150k

Electrical, Fire & Security specialist – received £180k

Testimonials

PMC Midlands Ltd

I was unaware how much of our work qualified as R&D and was pleasantly surprised at how worthwhile and easy the process was. I would highly recommend the scheme and Beavis Morgan to anyone in the construction sector”

Pete Morris Director

John McAslan + Partners

“The Beavis Morgan R&D team has brought great knowledge of both our industry and the workings of the R&D tax regime. It’s this combination that has made the process both painless and highly remunerative for us."

Natasha Manzaroli Partner

Get in touch

With our team of technical specialists and tax professionals, coupled with our extensive knowledge of the construction sector and the ever-changing R&D legislation, we aim to significantly simplify the process for you, with minimal time input required on your part.

So why not get in touch for an obligation-free consultation to confirm your eligibility and to gain an idea of your expected tax rebate or savings. It won’t cost you a penny … other than a potential lump sum of money back into your business to help you keep innovating.

Contact Rebecca Heap

For more information and to discuss your potential claim.

Email Rebecca

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