Catax reaches milestone £500m tax relief claims for UK companies

Date: April 19, 2023

We are proud to announce that Catax (a Ryan company) has hit a major milestone by helping over 16,000 UK companies claim back more than half a billion pounds in tax relief.

As an innovation funding specialist, we help innovative businesses that are seeking a technological or scientific advance within their industry, to identify if they’re eligible to claim Research & Development (R&D) tax relief from HMRC.

We also support companies with Capital Allowances, the Patent Box and Land Remediation Tax Relief claims.

Across those services, Catax has helped clients claim back £572million in tax relief since it started in 2009.

The majority of businesses that claim back relief from the government use the money to reinvest in more R&D, purchase land, buildings or equipment or take on more staff — all of which help to grow the UK economy.

Last year Catax was acquired by global tax services and software provider Ryan. The company will rebrand as Ryan later this year.

In January, we acquired Exeter-based Granted Consultancy, a well-respected leader in the UK grant funding market.

Mark Tighe, CEO of Catax (a Ryan company), said: “This is a brilliant milestone for Catax, coming just as we rebrand as the leading global tax firm Ryan.

“Every pound of the £572million we have secured for our clients in the past 14 years has spurred further innovation and helped these companies, and the economy, to grow.

“The future is looking exciting as we will soon be able to support clients – existing and new – with an even larger suite of tax services and expertise, all under one roof, which will enable their businesses to flourish.”

Along with retrospective tax incentives, Catax provides a grant funding service whereby it supports businesses in sourcing and applying for suitable grants to help fund their innovative ideas.

Recently, Catax worked with cannabis biotechnology company Dodd Heres Ltd/Cannapharma to secure an Innovate UK Smart grant of £500,000 and sustainable packaging firm DM Flexibles to secure over £107,000 in R&D tax relief.

If you’d like to discuss if your business is eligible for innovation funding, from grants to tax relief, please email or call one of our expert team on 0300 303 1903.

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