Are you missing out on tax relief?

Just what sort of research are you doing here?

Although research and development (R&D) and logistics aren’t obvious bedfellows, the clever bods at Baker Tilly have pointed out that despite investment in R&D by UK companies having tripled in the past decade to £1.2bn, the amount of tax relief claimed by those in road transport remains nominal. Just 135 claims for R&D tax relief (or credits as they are also known) were made by SMEs in the transport, storage and communications sector in the period, amounting to just £5m […]