Commercial Reporter: Majority of SMEs have never claimed R&D tax relief

Date: July 2, 2018
A new study by specialist tax relief firm, Catax, has revealed that despite almost 8 in 10 firms being eligible for research and development tax relief, as many as 1.6million have failed to claim their entitlement and potentially missed out on a share of £74bn in unclaimed relief.

According to the findings, a massive 78% of small businesses reported developing new products or business processes in the past two years. This means they are in line for valuable R&D tax relief that the government provides to encourage innovation.

Read more here.

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