This is far from the truth as there are many eligible R&D activities within the industry. Below are some examples in the construction and engineering industry.
Examples of Eligible R&D activities:
Expenditures can include wages, third party contractor cost (contractor performing R&D in EEA), materials, machinery, equipment, and overheads.
Braithwaite Technology Consultants Ltd. can assist you in obtaining tax credits for research and development activities. Whether your work involves basic research, applied research, or experimental development, Braithwaite can take the uncertainty out of the filing process and get you the credit you deserve for your innovation.
For a detailed evaluation of the construction and engineering industry, please contact the professionals at Braithwaite.