Missed Opportunities – only 5% make a claim
R&D tax relief can provide a valuable cash injection to limited companies of all shapes and sizes.
As we said earlier, the objective of the tax credits are to give incentives to companies who are making leaps, thereby helping mitigate their risk profile in their innovative ways.
However, many companies, due to lack of awareness or expertise, are not exploring their entitlement and are losing out nancially as a result-often to the tune of tens, or even hundreds of thousands of pounds.
Based on numbers from HM Revenue & Customs, only 5% of Limited companies in the UK, that are eligible to claim, actually have submitted a claim for Research & Development tax relief.