UK motorsport businesses missing out on corporation tax relief Sport Business The heart of the UK’s Formula 1 and motorsport hub could be paying unnecessarily high tax rates because they’re unaware of free relief available to them, a new study has revealed. Less than 10 per cent of firms are claiming Patent Box relief in the motorsport corridor of the UK, which houses the likes of [...]
HMRC challenging media businesses for research and development tax relief Media HMRC currently challenges around 20 per cent of R&D tax relief claims overall - up from one per cent previously.