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What are R&D Tax Credits?
R&D Tax Credits, introduced by the UK government in 2000, are designed to promote innovation by providing tax relief to companies engaged in scientific or technological advancements.
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R&D for tax purposes involves projects aiming to achieve progress in these fields by resolving uncertainties. Qualifying activities include various forms of innovation and development.​
By claiming back a portion of their R&D expenditure, businesses can reduce their tax bill or increase taxable losses, thus gaining valuable funding to reinvest in resources and further advance their R&D efforts. This incentive acts as a mechanism to help companies foster innovation and drive growth.
Common R&D Eligibility Within The UK Construction Industry:
By meeting the criteria for R&D Tax Credits, your company can gain access to substantial financial rewards, enabling you to accelerate research and development efforts, invest in new technologies, hire additional staff, and drive overall growth.
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You may qualify for Construction R&D activity if you meet the following criteria:
Development of New Materials and Products: Creating and testing new building materials or products that offer improved performance, sustainability, or cost-effectiveness.
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Process Improvements: Enhancing construction processes to increase efficiency, reduce waste, or improve safety. This can involve developing new construction techniques or refining existing ones.
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Environmental Solutions: Researching and implementing eco-friendly construction methods and materials to minimise environmental impact and meet regulatory standards.
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Engineering Challenges: Solving complex engineering problems, such as those related to structural integrity, foundations, or unique building designs.
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Digital Innovations: Utilising advanced technologies like Building Information Modeling (BIM), virtual reality (VR), or augmented reality (AR) to improve design, planning, and project management.
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Health and Safety: Developing new methods or equipment to enhance on-site health and safety for workers.
R&D TAX Credit Schemes
The government's R&D criteria are intentionally broad. Regardless of your company's size or sector, if you are supporting scientific or technological innovation, you may be engaging in qualifying activities. The R&D Tax Credit Schemes are designed to support and incentivise innovation across various business sizes.
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Our R&D Tax Claim Process
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Discover our streamlined process for securing R&D tax credits. We ensure complete transparency in our services, with no hidden fees.
01
Discovery and Assessment
Your ATL contact, supported by our specialists and consultants, will gather the necessary information. Our team will then help identify qualifying R&D and work with you to prepare a successful claim.
02
Building your R&D Tax Credit Claim
We will build your claim, add the required evidence for HMRC, and detail your qualifying activities and costs, ensuring compliance for a strong claim.
03
Review and Submission to Process
You'll get reports for approval with breakdowns of our findings. After submitting your claim, we'll liaise with HMRC, providing ongoing support.
04
Receipt of Benefit Funds and Reinvestment
The R&D tax relief can come in the form of a tax credit or a reduction in Corporation Tax liabilities (or both).