Tax credits available for horticulture businesses

Jane Lawler Associates says small and medium-sized businesses can save money on research and development through a little-known tax break.

The Government’s R&D tax credit scheme provides financial incentives for small businesses to invest in development but only 20 per cent of eligible companies have made a claim.

Lawler told a recent Garden Industry Manufacturers Association meeting she is working with GGTC tax consultants to help the 200,000 qualifying companies claim an average £47,000. Some £1.75bn was granted to 18,000 companies in 2014, up 27 per cent on the previous year.

Companies with under £100m turnover can claim one-third of R&D costs back in tax credits.

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