Construction

Construction projects that may qualify for R&D tax relief include:

• Groundwork and substructual issues;
• Environmental issues;
• Parking and transport issues;
• Energy efficiency of homes, how this was achieved;
• Planning conditions imposed by local authorities and how these were overcome;
• Any modular build element;
• Making properties disabled friendly;
• How space was maximised in a project;
• Any issues with services on site; or,
• Any conservation/listed building issues.

What activities can be included in a R&D project?

• Overcoming challenges and uncertainties;
• Designing and making products;
• Suggesting a more cost effective process;
• Suggesting a more time efficient process;
• Time spent researching and development of current projects;
• Seeking to improve processes, services, materials or devices;
• Production of prototypes or performance testing;
• Development of software or IT solutions;
• Investment in failed projects or developed products that are never launched/used;
• Efficiency of product, process or service;
• Employing any staff of a highly skilled background or with technical or scientific background;

What expenditure can be claimed for in a R&D project?

• Staff Costs – PAYE employee costs (salary, national insurance and employer pension) are apportioned for their time spent on the R&D project plus any reimbursed associated business expenses.
• Subcontracted R&D – You can claim 65% of what you paid your subcontractor in respect of R&D activities
• Software – Purchased for R&D purposes and costs apportioned for any subsequent use.
• Utilities & Consumables – Water, fuel, power, wastage material and material used in the project.
• Prototypes – Produced for R&D purposes

Here at Recoup Capital, we can advise and support companies within a range of R&D sectors. Just get in touch today.