Many companies within the construction sector do not realise that some of their expenditure may qualify for R&D credits. In the year 2018 - 19 over £90 million was returned to the construction sector through tax credits.
Companies are too busy concentrating on securing the next project and securing the necessary funding when it may already be there for them in previous projects!
Replies
Excellent advice for construction firms Keith.
If you are attending the Build It Conference today make sure you tune in at 10.30 to hear more about how R&D tax relief can assist companies. Average claim in construction sector is £57,000!!
Great to hear about the big sums you guys are returning to clients (in construction and other sectors!)