Lawyer Monthly: 9 In 10 Law Firms Leave R&D Tax Relief Unclaimed

Date: July 2, 2018

Nearly 9 in 10 (87%) of law firms could be eligible for research and development tax relief but less than half have ever claimed.

Law firms are throwing away millions of pounds a year because nearly 9 in 10 companies could be eligible for tax relief on new services, specialist tax relief firm Catax has revealed.

In total, a massive 87% of businesses in the legal sector have developed new products or business processes in the past two years, research shows.

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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