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Professional Accountancy & Accountex

Easy R&D showcased their R&D tax credit UK-wide service at the Professional Accountancy conference, Birmingham, 18 & 19 September and Accountex, London 1 & 2 May 2019

Easy R&D use a 5 Easy Steps process to assist clients achieve a successful R&D Claim. The company have technical and specialist tax expertise to ensure claims are both maximised and robustly compiled to gain prompt HMRC approval.

Since our incorporation five years ago, we have expanded to being a UK-wide operation, with locally based sales consultants in all regions. We are a team of dedicated R&D tax credit professionals with technical knowledge gained from years of commercial experience across various industries, chartered accountants, technical report writers and central support personnel.

Examples of our recent successes include R&D claims for the Levis motorcycle pictured and others featured below.

BDI Ambulance

Next generation ambulance

This visually striking vehicle is designed to address the “See & Treat” strategy of the government, NHS and ambulance service. Half of all patients taken to A&E are not admitted to hospital so next generation ambulances need to save lives and provide mobile diagnostics and treatment. Easy R&D successfully claimed 33% of R&D qualifying costs for BDI.

Tufeco

Recycled glass buildings

Tufeco modular buildings (like the school pictured) are constructed from a composite material – a polymer concrete principally composed of silica sourced from recycled glass. Panels are manufactured off-site on an automated production line and require no extra insulation or structural support on installation. Easy R&D successfully claimed 33% of R&D qualifying costs for Tufeco.

Evergen Systems

Inner city pollution treatment

CityTree – the World’s first biotech filter for cleaning urban air pollution. CityTree has been installed in cities including Paris (pictured), Piccadilly Circus in London, Glasgow and Newcastle. It has the air purifying capability of 275 natural trees and can reduce harmful pollutants by up to 30%. Easy R&D successfully claimed over 24% of R&D qualifying costs for Evergen.

Accountant partnership

Many accountants make us their R&D tax relief partner of choice for innovative small to medium size businesses. Easy R&D technical and specialist tax expertise will maximise claims for your clients.

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Project 64’s Digital R&D

Project 64 are a creative brand, design and digital agency with clients throughout the South East.

“The outcome for us was a sizeable claim which had a significant impact on our cash flow.”

Matthew Hobbs, Co-founder and Director

We’ve helped hundreds of companies to make R&D tax relief claims including digital media.

Contact your nearest R&D Consultant to see if you can claim – 0800 195 7516 

Tax Relief Claims: Construction

Whether you run a construction business or work in the industry, there are various tax relief programs and schemes available that you may be unaware of.  Investigating your eligibility could reveal that you are paying more tax than is required.

For employees

If you are paid each month through the PAYE (Pay As You Earn) scheme, then there may be adjustments available which could see the level of income regarded as taxable, being reduced.  If you are required to pay for expenses such as meals or lodgings whilst away on a job, you may be able to claim these costs back against your tax.  This is known as the ‘CIS Tax Refund’ and requires that you have a dated list of sites you have worked on, as well as supporting information such as wage slips and any vouchers that have been provided.

There are also reductions available if you have specialist or bespoke work clothing, and are required to launder or repair these yourself. You may be entitled to a reduction in your tax to help offset the cost of doing this.

It is estimated that one in every three construction workers pay too much tax, and HMRC has funds available each year for people to claim back, but due to unawareness of eligibility or even the existence of these funds, they don’t.

There are companies who can assist you with the process of claiming these tax benefits and reliefs should you not wish to undertake the various processes yourself.

For companies

One of the biggest ways to save on a company tax bill is through Research and Development (R&D) Tax Credits.  This system was introduced between 2000 – 2002 for companies of varying sizes, but many in the construction industry don’t investigate or apply the benefits to their own companies. In fact, according to HMRC (October 2019) around 48,600 claims were made in 2017-18 for the tax credit, but only 4.3% came from the construction industry.

The hesitation to apply mainly stems from the idea that R&D only applies to scientific projects – this isn’t the case, and the definition used by the Government states that the tax applies to ‘scientific and technological’ projects that either bring new knowledge or expand existing knowledge.

Examples of what companies claim

Much of the engineering work done by companies has the potential for falling under the definition for research and development. We have included a few examples below, but this is not an extensive list by any means.

Working on a site is full of challenges both managerial and logistical, it can mean whole new processes or procedures need to be implemented to successfully complete a job. One such example could be that unusual or difficult ground conditions, or unexpected environmental factors, can mean that standard practices aren’t suitable or possibly even viable.  When a company has to find new ways to deal with the situation or to adapt existing tools to suit the project, this can be classed as R&D.

Health and safety is always a concern in any industry, and any measures that a company develops to improve current practises may qualify for these benefits.

Developments in Modern Methods of Constructions (MMC) can also fall under the purview of the R&D Tax Credit system, for example – where the work involves advancing the current standard of knowledge within the industry.
Systems such as building information modelling can also come under the credit system when it helps create more efficient ways of working.

How and what to claim

It can be a daunting task trying to discover what you or your business are eligible for, and even making a start can be difficult. However, the potential savings and benefits of applying for these schemes makes them worth pursuing.

We are here to take the complications out of these procedures, offering their services to all industries – helping them assess the work they are doing and see if it is eligible for any of these tax credit schemes. We’ve helped hundreds of companies to make R&D tax relief claims including construction.

Contact your nearest R&D Consultant to see if you can claim – 0800 195 7516