Cumbrian firms urged to claim tax credits

By Sue Crawford

SOCIAL BOOKMARKS

A new partnership has been launched to help innovative Cumbrian companies claim tax relief.

Tax advice: Wendy Amith of Jumpstart
Tax advice: Wendy Amith of Jumpstart

The manufacturers’ organisation EEF has announced a new partnership with leading research and development tax specialists Jumpstart to provide expert advice.

This will help EEF members in the north-west who are applying for tax credits for the first time and ensure existing claimants receive their full entitlement.

Companies in the region claimed £130m in research and development tax credits in 2014 to 2015, with small and medium enterprises (SMEs) accounting for over half of that figure - just five per cent of the total research and development expenditure by businesses in the region.

Wendy Smith from Jumpstart said: “We have a lot of experience working with manufacturers and we are delighted to be partnering with the EEF."

Added Stephen Fitzsimons, EEF's membership and external affairs manager: “Manufacturers and engineers innovate all the time but often don’t realise their activities may qualify for tax relief."

Sunday, July 30, 2017 at 9:52PM
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