The statistics published by HMRC for 2021-22 are provisional and have been uplifted to include estimates for claims not yet received.
We see qualifying R&D activity in the innovative use of green or sustainable methods. R&D often leads to an improvement in existing construction techniques to solve site specific or environmental issues or developing new products such as lighter weight, stronger, resilient or easier-to -process building materials.
This sector includes the following types of business.
Yes, construction companies can claim under either scheme depending on their size and other deciding factors. Of the R&D tax relief claims made in 2021-22 so far, 94% of them were under the SME scheme equating to 76% of the value claimed.