BQ Live: Tax specialist Catax expands scottish footprint amid explosion in innovation

Date: October 1, 2018

Specialist tax relief firm, Catax, has announced it is tripling its workforce in Scotland and opening an additional office north of the border.

The expansion comes as the firm looks to help Scottish firms realise the value of their innovations. Catax research shows 73% of companies north of the border are classed as ‘innovative’ because they have developed a new product or process in the past few years, and so are likely to be eligible for R&D tax relief.

However, fewer than a third (31%) of potentially eligible firms report claiming it in the past — well below the UK average of 45% of companies that report claiming R&D tax relief.

Read more here.

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