R&D Tax Credits for Civil Engineering Businesses

R&D tax credits offer substantial financial incentives for civil engineering businesses to innovate, experiment, and advance their techniques, processes, and products. By claiming these credits, your business can:

1. Reinvest in Research and Development: R&D tax credits provide a financial boost to fund your business’s ongoing research and development, promoting continuous innovation and progress.
2. Increase Profitability: R&D tax credits help reduce your corporation tax bill, allowing you to retain more profit and gain a competitive edge in the civil engineering industry.
3. Accelerate Business Growth: Reinvesting the money saved from claiming R&D tax credits can lead to new opportunities and the expansion of your civil engineering business.
4. Create Employment Opportunities: With additional resources, your civil engineering business can create new jobs, contributing to the overall health of the UK economy.

Qualifying R&D activities include civil engineering projects that are utilising innovative processes or methods. Examples may be used in mechanical engineering, construction, software, and more. To qualify for R&D tax credits, you must:

• looked for an advance in the field
• had to overcome the scientific or technological uncertainty
• tried to overcome the scientific or technological uncertainty
• could not be easily worked out by a professional in the field.