Innovative companies – are you missing out on a tax saving?
There is a misconception that research & development tax relief is only being available to companies that have scientists in laboratories. However, any company that has made an advance in science or technology could be able to make a claim. The relief offered is very generous and can often result in cash back from HM Revenue & Customs, rather than a company paying over Corporation Tax. Recently published statistics show that it is likely the relief is massively underutilised as only 12,190 claims were made in 2011/12.
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