Construction

Section Overview – Construction

In the latest HMRC statistics on R&D tax credits, we can see that only 4.3% of all claims made under the SME scheme, were for companies operating in the “Construction” sector.

The average claim value is £50,279.

Research and Development Tax Credits within the Construction industry

The construction industry relies on continual innovation, in order to meet the demands of this ever-changing sector. This can be through the development of a new installation process, or in the creation of brand new building materials. Whether you specialise in public sector housing, commercial or civil engineering projects, the chances are that there will be a degree of scientific or technological uncertainty with your projects. Eligibility for R&D tax credits centres around the two key areas:

The work must seek a scientific or technological advance beyond existing capabilities in the field.

There must be a scientific or technological uncertainty. This is where the solution, or method of arriving at the solution, is not readily apparent to an appropriately skilled competent professional

Examples of technological uncertainties in within the construction industry

Choice of materials

Within construction, trial and experimentation will often be needed when choosing which materials to use. This is because some materials are unsuitable for the task at hand; for example, they may need to be waterproof, or be able to support a certain weight. Other times a material will be incompatible for the build, because it can directly conflict with other materials that are in use.

Compliance with building regulations and health and safety requirement

Whilst it is not uncommon for construction firms to undertake projects which, by themselves, are not that innovative, these can quickly become very challenging. This can be caused by location and access issues. As a result, the company will need to research new methods which can be used to complete the installation.

Modifying or creating bespoke fittings or components

It’s not uncommon for “off the shelf” components to be modified for certain uses. As a result, a great deal of uncertainty can occur as the developer will be unsure as to how these various components and materials will work together.

Creating a functional design while maintaining structural integrity

Choice of materials often causes many technological uncertainties as these affect the structural integrity of the product. If the materials are not strong enough or are not the correct weight, structural integrity may be compromised. This can often result in many hours of research and development into ways in which this can be achieved.

From start to finish, the service provided by Fiscale was very professional and everyone representing them was very clear with their aims and explanations. Excellent.

Jamie Whitley, AT Jones Holdings Ltd.

Clear concise and well actioned with regards to all work carried out for us.

Paul Best, Off The Wall Coverings Ltd.

Fiscale a very diligent and have always delivered on their services, with a 100% success rate for Eclipse.

Robin Purslow. Eclipse Presentations Limited

Construction

Section Overview – Construction

Research and Development Tax Credits within the Construction industry

The work must seek a scientific or technological advance beyond existing capabilities in the field.

There must be a scientific or technological uncertainty. This is where the solution, or method of arriving at the solution, is not readily apparent to an appropriately skilled competent professional

Examples of technological uncertainties in within the construction industry

Do You Think You May Be Eligible?Let's Talk

Do You Think You May Be Eligible?
Let's Talk