Is your architecture firm ‘missing out’ on securing R&D tax relief?

Category: ProfessionsTaxation - Posted On: Dec 9 2020


Architecture firms can often use experimental processes to achieve the desired outcome for their projects, yet many are missing out on a tax relief which rewards the very thing that many within the architecture industry consider to be just ‘part of the process’.

Research and Development (R&D) tax credits are a government-backed initiative designed to encourage innovation, something which is often associated with architecture work. Although only a small number of architectural firms are taking advantage of the scheme this may be in part due to many practices being set up as partnerships. Our EQ Professions team have experience helping a number of practices who have incorporated as limited companies for a combination of operational, taxation and finance reasons.

For eligible architectural firms, there is a wide range of work being done that can qualify for R&D including producing off-site manufactured design or using existing materials in a new/novel way, and our EQ Professions team can help you identify your R&D potential.

Our R&D Taxperts have a 100% success rate, having saved over £21 million for our clients, including many architecture firms. Most recently we helped an architecture client who had recently incorporated make a R&D claim, resulting in tax savings of £27,501. You can read more about this client case study here.

If you would like to discuss whether your architecture firm would qualify for R&D tax credits, or discuss the structure of your business, please email our EQ Professions team at professions@eqaccountants.co.uk or contact one of our offices.

Alternatively, if you have any other questions regarding R&D, please email our EQ Taxperts.