R&D Tax Credits in Architecture
Architectural R&D will be when the purpose of a project is to improve or resolve a ‘scientific or technological uncertainty’. The money spent on fixing these uncertainties can be claimed back as Research and Development.
So... what is R&D?
Research and Development is all about uncertainty; if you must create the process of either ‘researching’ and/or ‘developing’ you could be in for a claim.
The average value of a claim in this sector was over £48,000 but many businesses are unaware of this scheme.
Just 5% of eligible limited companies submit R&D claims, resulting in billions of pounds of unclaimed tax relief every year.
What makes me eligible?
When an architect begins a project, there is every chance that they could face issues, making the project difficult to complete. If this happens, it is essential that they find a way around these problems. To pass any challenges, it is important to conduct research into finding design techniques and technology which assist with this.
- Be a limited company in the UK, subject to corporation tax
- Have carried out research and development into new products or processes
- Have spent money on these projects
What are examples of claimable projects within Architecture?
R&D in architecture would include utilising and advancing technology such as improving how materials or products perform. Uncertainties could also include development in testing and prototypes or designing bespoke software to use.
Examples of R&D within Architecture include:
- Research into new building materials
- Developing new uses for traditional materials
- Developing more energy-efficient approaches
- Creating new software for designing or modelling
- Unique solutions for design restrictions
- Designing and testing prototype materials
- Developing environmentally friendly methods
Did you know?
Since the introduction of the legislation in 2002 more than £27bn has been claimed from HMRC
Even where a company is loss making, the legislation is designed to ensure that companies can still receive cash back when conducting qualifying R&D work
There’s no minimum (or maximum) amount that a company needs to have spent on R&D work in order to make a claim for R&D tax relief
Check out our R&D tax calculator
Work out how much your claim could be worth with our easy to use R&D tax credits calculator. Remember we can claim up to two years so make sure you don’t miss out on your innovation fund.
Want to know more? Contact our team today and see how much your claim could be worth!
Check out our existing projects
Even if your company has qualifying expenditure, it does not mean that you should just wing it when submitting your own R&D Claims – especially when submitting a large claim. Throughout this […]