This relief is designed to support the development of new processes, products, and services.

Eligibility for R&D Tax Relief

At Biz Associates Ltd, we work closely with you to identify qualifying R&D expenditures and maximize your tax relief. If your company is working on projects that push the boundaries of science or technology in construction, you could be eligible for this valuable relief.

Requirements for R&D Tax Relief

To qualify for R&D tax relief, your project should:

• Tackle a Specific Challenge: The project should aim to resolve a particular problem.
• Pursue Technological or Scientific Advancements: The goal should be to achieve a significant advancement in science or technology.
• Align with Your Business: The R&D must relate directly to your current or future trade.
• Overcome Uncertainty: Demonstrate eforts to overcome uncertainties in achieving the desired advancement.
• Address Complex Issues: The problem should not be easily solvable by professionals in the field.
• Pursue Unique Innovations: Even if another company has made similar advancements, it should not be publicly available or known.

Your project may involve the research or development of new construction processes, products, or services, or the enhancement of existing ones.

Qualifying Expenditure

Eligible costs for R&D tax incentives in the construction sector include:

• Employee Costs: Salaries for those directly involved in the R&D projects.
• Software: Essential software used in the R&D process.
• Consumables: Materials and supplies used during the R&D.
• Outsourced R&D: A portion (65%) of costs for R&D contracted out.
• External Workers: Costs related to externally provided workers, subject to restrictions.

Let Biz Associates Ltd guide you through the process and help you maximize your R&D tax relief opportunities.