Tax specialists Catax estimate that around 57% of SMEs are eligible to claim some sort of R&D tax relief, a £43,000 claim on average. However, only 1% of SMEs are actually claiming these reliefs. That suggests that an additional £84m of funding is available for SMEs in the form of tax relief on qualifying R&D expenditure.
Innovation 4 Business, part of the Finance 4 Business group, specialises in helping SMEs maximise their R&D tax relief, using industry aligned consultants. Contact us to set up a zero cost consultation to determine how much your business could be claiming in reliefs.
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