Transport industry underclaiming on R&D tax relief, research shows


 

Transport businesses claimed GBP55m in research and development (R&D) tax relief in 2020/21, according to HMRC’s latest R&D tax credit statistics. However tax relief specialist Access2Funding, part of the Ryan company, is warning that transport businesses are underclaiming on investments such as automated warehousing and IT investments. According to its research, transport and storage businesses accounted for just 1% of the total number of UK claims, with the average transport R&D claim worth GBP58,000, compared to GBP70,000 in 2019/20.

The […]


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