RDS - Sectors - R&D Tax Credits – Construction
Thanks to R&D tax relief, businesses in the construction sector can receive valuable help towards covering the cost of corporation tax. R&D tax claims for construction are aimed at businesses that are working on innovative projects in science and technology, and the scheme has been helping construction businesses since 2000
No upfront fee
We only bill when your claim is successful
£55m+
Unlocked for our clients
£7.6bn
Claimed by UK businesses in the 21/22 financial year
There are a lot of exciting changes happening in the construction industry, much of which has been boosted by R&D tax relief.
R&D in construction is there to encourage and support innovation projects, with a focus on science and technology. Without businesses having a budding interest in innovation, the move to modern construction techniques and automation would have been a lot slower, and that is just the tip of the iceberg. It helps with the cost of corporation tax, giving your business the chance to dedicate additional resources to innovation and exciting new projects.
Our expert R&D tax relief team is on hand to guide you through the claims process, starting with establishing eligibility and ending with a successful claim. At RDS, we pride ourselves on knowing all there is to know about R&D in construction, and we work with businesses large, small and everything in between.
Use our handy R&D tax relief calculator to find out how much you could be claiming back.
Please find below a few examples of activities that qualify as R&D expenditure in construction.
You can claim for the following:
an element of staff salary costs as well as employer’s NIC & employer pensions costs relating to employees’ time whilst actively engaged in research and development projects.
carried out by third parties on your behalf relating to the R&D.
used directly in R&D including prototyping and concept development costs.
where the software is required to enable the process of R&D.
related in specific proportions to the R&D projects.
where these costs occur in order to enable your R&D to occur.
We have helped businesses across a range of sectors claim R&D tax credits for their innovative work.
MANUFACTURING
CONSTRUCTION
ENGINEERING
TECHNOLOGY & COMMUNICATIONS
AGRICULTURE
FOOD & DRINK
ARCHITECTURE
SCIENCE & MEDICINE
SOFTWARE & IT
AEROSPACE
DEFENCE & MILITARY
PHARMACEUTICAL
An initial phone call or face-to-face meeting is typically the first step, so that one of our Business Development Managers (BDM’s) can discuss potentially qualifying R&D projects with you & explain the activities that can be included within an R&D claim.
Following a successful eligibility check, our team will officially engage with you & request the straightforward financial information required from you and your accountant in order to analyse the R&D costs. A report call / meeting will also be carried out so that a justification report can be created.
Once the claim financials and report have been completed, our team will liaise with you to discuss the final claim and get feedback from you & a confirmation that all eligible activity has been included. Following the review and claim sign off, we will submit the information to your accountant.
One of the benefits of our approach is that we don’t tread on the toes of your accountant by taking over as your ‘agent’ with HMRC. We pass over the completed claim info to your accountant so that they can alter your corporation tax return (CT600) to include the figures, and also attach the report for HMRC.
With three UK office locations we are always on hand for a call or to meet in person. Start your journey with RDS today.
