With its strong focus on better, more cost effective, secure and environmentally sustainable building methods, the UK construction industry is rife with innovation. Yet construction firms are missing out on millions of pounds in unclaimed Research and Development (R&D) tax relief.
An impressive 83 per cent of building, architecture and engineering firms have developed new products and services in the last two years, investing an average of £292,001, according to research by Catax, meaning they could be eligible for valuable R&D tax relief.
Yet only 39 per cent of firms in these sectors have ever made claim, the same study shows.
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