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Scottish SMEs are missing out on thousands of pounds in R and D tax credits
Scottish SMEs are missing out on thousands of pounds of unclaimed research and development tax credits, it has been claimed.
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. In particular, companies that have repurposed their manufacturing lines to produce face masks, hand sanitiser and ventilators to support the Covid-19 relief efforts will be eligible to claim back money against the cost of staffing, consumables and the reworking of supply chains.
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