18th October 2021

Latest statistics show that Scottish SMEs are missing out on thousands of pounds of unclaimed research and development tax credits.

Many businesses are unaware that they are eligible for this funding, which can be claimed against spending on research and development in a wide range of areas.

According to government figures published in October 2021, 85,900 R&D tax credit claims were made across the UK, of which less than 5,000 were from Scotland.

R&D claims are mostly concentrated in companies with a registered office in London, the South-East, or the East of England, with these three regions making up 46% of the total number of claims, with just 5% contributed from Scotland.

Scottish-based companies involved in technical development activities are encouraged to contact R and D Tax Specialists for a no-obligation assessment of their potential to make a claim.

https://www.insider.co.uk/news/scottish-smes-missing-out-thousands-21939733