HR firms are wasting millions by neglecting a lucrative form of tax relief despite nearly 7 in 10 being eligible.
According to research by specialist tax relief firm Catax, any company that spends time or money developing new products, services or business processes can claim tax relief for Research and Development (R&D).
In the HR sector, Catax research shows 65 per cent of companies report making such investment in the last two years. This means they’re likely to qualify for the tax break, which was created by the government to encourage innovation across the economy.
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