New Analysis of HMRC information has found that UK in the UK failed to search for up to £ 47 billion in Research and Development (R & D) tax relief.
While 36% of small and internal businesses are involved in new jobs, less than 6% of them actually send R & D tax claims.
Research, made by small business merchants, and view regional diversity. ButTtinghamshire is prominent as the most incomprehensible companies available in existing taxes when they usually keep £ 138,000 on average. However, relevant more than 18,000 businesses in the County can shortly waste.
The Berkshire puts a moment according to potential savings terms, but less than 5% of its businesses are involved in R & D.
Greater Manchester reaches R & D tablet in the R & D classroom, with a survey showing that despite $ 225 million, circuit SMEs are still about $ 2.7 billion. Tom Biggs, partner in the Palian, comment: “Our analysis shows a clear chance of the Tax Credit. This is important to support the number of measurement and new driving businesses, especially where the autumn buds have brought new challenges.”
With so many SMEs account for R & D tax claims, experts say that additional support and awareness are needed for new growth and growth. “We believe that with the right help, small businesses throughout the UK continue to flourish,” Biggs are adding.
