R&D Tax Relief for Motorsport
Construction businesses in the UK are increasingly leveraging R&D tax relief to fund innovative projects that address complex challenges, improve efficiency, and enhance sustainability.
Despite common misconceptions that R&D is only for high-tech industries, many construction firms develop new methods, materials, and bespoke solutions that qualify for substantial tax incentives.
>> Download our free 'Motorsport - Innovation Tax Reliefs' Guide here.
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What Qualifies as R&D in Motorsport?
To claim relief, projects must specifically address scientific or technological uncertainties through experimental development. Examples of qualifying activities include:
- Designing and testing advanced components such as aerodynamics packages, suspension systems, and turbochargers.
- Developing new materials or composites to reduce weight and improve strength.
- Creating complex software and telemetry systems for performance optimisation.
- Innovating engine management and fuel delivery technologies.
- Prototyping and iterative refinement processes to solve engineering challenges that have no ready solution.
It's important to note that HMRC evaluates R&D claims on a project-by-project basis. Broad claims for entire vehicles or whole-car development are not accepted. Each component or subsystem must independently demonstrate qualifying R&D.
Financial Benefits
The merged R&D tax relief scheme offers motorsport businesses valuable cash credits or Corporation Tax reductions based on qualifying expenditure, including salaries, materials, subcontractors, and software costs.
Careful documentation is vital to substantiate claims due to HMRC’s increasing scrutiny of R&D tax relief applications, especially in high-profile industries like motorsport.
How We Help Motorsports Teams and Companies
Our specialist team understands the unique challenges of the motorsport sector and can guide you through:
- Identifying eligible R&D projects and costs.
- Preparing detailed technical narratives that meet HMRC standards.
- Maximising the value of your claim while mitigating compliance risks.
- Keeping you abreast of the latest legislative changes and guidance.
Harness the power of innovation with expert R&D tax relief support tailored for motorsport excellence.
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To view all of our R&D Tax Services, visit the Innovation Tax Reliefs page.
📞 Embark on your next innovation journey with confidence - get in touch today using the form at the bottom of this page.
Innovation Tax Relief Service Team
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'Motorsport – Innovation Tax Reliefs'
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There are times when we can help identify and expedite a tax refund, which are always gratefully received but for the majority of the time we help ensure that our clients remain compliant with their tax obligations and the amount of tax being paid is the correct amount and nothing more.
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Good advice about the closure of a ltd company, options have been explained in an understandable manner.
I have been Jamie's client for more than ten years and I keep being impressed with his client-centric, solution-orientated and straightforward approach to answering questions. I have not had a single tax question over the years where Jamie could not help in a professional, efficient and also cost-effective manner. This holds true for questions around various different jurisdictions and degrees of complexity. I can wholeheartedly recommend Jamie's services!
I needed some specialist tax advice in respect of a complicated capital reduction demerger, a partial buyout of my company. Without specialist advice the tax hit was going to be huge.
TAP Advisory were recommended to me by my accountant, and my solicitor was also very complimentary about TAP when they found out we would be working with them. Tap's reputation preceded them.
The fees TAP charged were reasonable in my eyes, and small in comparison to the money they saved me, I was VERY grateful for the advice and guidance.
TAP were great to deal with throughout, they kept me in the loop in laymans terms and liaised well with the other professionals looking after my interests.
I could not recommend them enough in respect of their extensive knowledge and experience.
I recently moved to the UK and TAP were very proactive at helping me understand the details of the law and how to reduce my tax exposure, they were also very patient responding promptly to all of my questions - great customer service!
In our company we see our TAP contact very much as one of our team. For example we see him as more of a part time employee than a service provider. To this extent he has always acted into his manner available whenever we need him and on demand. I have never thought of TAP as having other clients (even though I know they have), because the client servicing is amazing.
Personable, communicative and responsive
TAP have always delivered outstanding advice and support.
TAP sought ways to save us tax and made the process straightforward.
The service I have received has been impeccable and I would be glad to recommend your services to friends, family and clients etc. The whole process has been made extremely easy for me since day 1 from my consultation with Robert and then on to the preparation of the CGT Calculations and submission by Sydnie and the Team, all my questions were answered promptly and I was provided all the information I needed, so a big thank you again for your efforts.
They were able to turn a HMRC GBP25,000 tax bill for income received in Germany into a GBP600 refund within a month!
Very clear and concise in explaining tax matters.
Very helpful throughout the process, available to answer one-off questions.
Very thorough and answered my queries.
Always aware of opportunities to reduce taxes.
Excellent quality of work and very responsive to our demands
Exceptional service and patience! We really value the effort and support they have given us as a new start up.
Exceptional turn around time on any questions/problems presented
Exceptionally thorough responses delivered in a very timely manner.
Good advice about the closure of a ltd company, options have been explained in an understandable manner.
I have been Jamie's client for more than ten years and I keep being impressed with his client-centric, solution-orientated and straightforward approach to answering questions. I have not had a single tax question over the years where Jamie could not help in a professional, efficient and also cost-effective manner. This holds true for questions around various different jurisdictions and degrees of complexity. I can wholeheartedly recommend Jamie's services!
I needed some specialist tax advice in respect of a complicated capital reduction demerger, a partial buyout of my company. Without specialist advice the tax hit was going to be huge.
TAP Advisory were recommended to me by my accountant, and my solicitor was also very complimentary about TAP when they found out we would be working with them. Tap's reputation preceded them.
The fees TAP charged were reasonable in my eyes, and small in comparison to the money they saved me, I was VERY grateful for the advice and guidance.
TAP were great to deal with throughout, they kept me in the loop in laymans terms and liaised well with the other professionals looking after my interests.
I could not recommend them enough in respect of their extensive knowledge and experience.
I recently moved to the UK and TAP were very proactive at helping me understand the details of the law and how to reduce my tax exposure, they were also very patient responding promptly to all of my questions - great customer service!
In our company we see our TAP contact very much as one of our team. For example we see him as more of a part time employee than a service provider. To this extent he has always acted into his manner available whenever we need him and on demand. I have never thought of TAP as having other clients (even though I know they have), because the client servicing is amazing.
Personable, communicative and responsive
TAP have always delivered outstanding advice and support.
TAP sought ways to save us tax and made the process straightforward.
The service I have received has been impeccable and I would be glad to recommend your services to friends, family and clients etc. The whole process has been made extremely easy for me since day 1 from my consultation with Robert and then on to the preparation of the CGT Calculations and submission by Sydnie and the Team, all my questions were answered promptly and I was provided all the information I needed, so a big thank you again for your efforts.
They were able to turn a HMRC GBP25,000 tax bill for income received in Germany into a GBP600 refund within a month!
Very clear and concise in explaining tax matters.
Very helpful throughout the process, available to answer one-off questions.
Very thorough and answered my queries.
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