Pro Installer September 2013 - Issue 06 | Page 3

3 PRO INSTALLER SEPTEMBER 2013 PRO NEWS @proinstaller1 HOMEOWNERS ‘LOSING CONFIDENCE’ IN BRITISH TRADESMEN Homeowners are losing confidence in British tradesmen, according to TrustMark, the government endorsed quality mark for firms in the home repair, maintenance and improvement sector. At first glance, new research into public perceptions of tradesmen commissioned by TrustMark, indicates that most people have a good impression – 71% of respondents felt their overall experience of using a tradesman was more positive than negative. ‘professional’, ‘helpful’ and ‘trustworthy’. But almost quarter say they have had an overall When given a list of good and bad adjectives to describe tradesmen, the five most frequently used words were ‘skilled’, ‘hardworking’, negative experience with tradesmen, and more than half of all respondents (52.5%) felt their perception of tradesmen had become ‘rogue traders and criminals masquerading as tradesmen’ more negative because of the ‘cowboy builder’ TV programmes, which pursue the worst rogue traders and criminals masquerading as tradesmen in the domestic sector. Liz Male, chairman of TrustMark, said: “The appalling activities of rogue traders are tarnishing the reputation of British tradesmen, and this must stop. The government has committed to help us extend the TrustMark scheme so that far more good local firms can get the TrustMark badge. We will be working with these firms, as well as government and industry and consumer advice groups, to boost customers’ confidence in the many excellent tradesmen in the sector.” Key findings from TrustMark’s poll reveal: • One in five people would encourage friends or family to get a job in the sector only if there was more recognition of good quality and skilled tradesmen. • 43% of people agreed with the statement “Many tradesmen do a good job – there are some great firms CONSTRUCTION COMPANIES MISSING OUT ON TAX BREAKS Latest figures from HMRC show that the value of the tax breaks claimed by UK companies investing in research and development has tripled in the last 10 years, but Baker Tilly has warned that many construction companies may be missing out. The latest figures for the financial year ending 2012 show that there were only 210 claims for R&D tax relief by companies in the construction sector, with claims totalling around £15m, just a tiny fraction of the total £1.2bn claimed by UK companies. R&D tax credits are a tax relief designed to encourage greater R&D spending and innovation. The credits were first introduced in 2000. Since then, the available tax breaks have become more generous and HMRC has expanded the way it interprets and applies the rules in order to provide greater stimulus for innovation in the economy. While the perception might be that R&D tax relief is for the manufacturing or science and tech sectors, any eligible company can deduct up to 225% of qualifying expenditure when calculating their profit for tax purposes. Qualifying expenditure may include, for example, investment in the development of new materials and tools, or in process improvements or new software. Costs associated with the design of heating systems or energy saving equipment, or expenditure relating to mechanical engineering or architectural design may also qualify. Howard Freedman, Baker Tilly’s Head of Real Estate and Construction said: “It’s surprising that there have been so few claims for R&D tax credits in the construction sector. This may simply be because firms don’t realise that they qualify for this type of relief. Claims can even be backdated for up to two years, so for construction firms facing cash f??rF?ff?7V?F?W2??F?W6R7G&?v?FV?VBF??W2?F??2&V?Vb6?&R?fV??R?( ??wwr?&?W'F????6??V????WBF?W&^( ??'WBSR?bV??R?6?6?BF?W?vW&R??@?6??f?FV?B&?WBF?R?WfV???b6??7V?W"&?FV7F????f??&?RF?F?V?v?V??F?W?V????G&FW6???F?v?&???F?V?"???W2??( ????7B?BR?bV??P?v?V?B?fR??&R6??f?FV?6R?BG'W7B???G&FW6?V??bF?W??@?V?FW&v??RgV??fWGF??p??B??7V7F???&?6W72F??V?7W&RF?V?"v?&??WB??GW7G'?7F?F&B??wwr?G'W7F?&???&r?V???T???W6T'V??F??r?WfV?0?6??F??VRF????&?fP???$>( ?2?FW7B&Vv?7G&F???7FF?7F?70?6??rF?B??W6R?'V??F??r?WfV?2???F?RT?6??F??VRF?6??r??&?fV?V?B??&V6V?B?V'2?v?F?f?wW&W0?f?"?V??R??v?W"?2?S3??F??F?P?6?R???F??7B?V"??3????F???rF?R&????rV'FW"??F?66?V?@????( 2?V?#2?F?RW&??B&WfV?23P???7&V6R6??&VBF?F?R6?RW&??@??7B?V"?##?#?ÓS6??&VBF?#3??3r?s3????FF?F??????F?R&?fFR6V7F?"&W?'FV@?F?R??v?W7B?V?&W"?b&Vv?7G&F???2f?"?fW ?f?fR?V'2?v?F??3?Wr???W2&Vv?7FW&VB???V??F?R??v?W7B6??6RfV''V'??#?v?V??CcR???W2vW&R&Vv?7FW&VB?( ?w&?v??rFV??N( ????$26???W&6??F?&V7F?"&?6?&@?F???6?C?( ?2vR?fRV??6?6VB?fW ?F?R6?W'6R?bF?R?V"?F??2&V6?fW'??0?g&??&V?F?fV???r&6R'WB?WfW'F?V?W70?&WfV?2F?B'V??FW'2&R&Vv?????rF??VW@?F?Rw&?v??rFV??BF?&?f?FRF?R?Wp????W2F?BF?R6?V?G'?FW7W&FV??VVG2????????r?VBvR??RF?BF?R&W7B?bF?P??V"6??F??VW2F??2???r?fW&GVR&V6?fW'??7F?'??( ??