Intelligent Business Systems: UK restaurant owners missing out on average £45,000 a year in R&D tax relief

Date: July 13, 2017

Three in five UK restaurant and gastro-pub owners who change menus regularly and experiment with new dishes have never heard of research and development (R&D) tax relief, missing out on an average benefit of more than £45,000, according to new research.

Tax relief specialist Catax said its Censuswide survey of 500 bosses revealed eateries that constantly look for new ways to prepare and cook food were perfect candidates for R&D claims.

Catax added that even when restaurants had claimed R&D, almost half (46%) of owners and managers thought the tax relief was restricted to technology, drug and science companies and not to businesses in their own sector.

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