EEF, the manufacturers’ organisation, has announced a new partnership deal with leading R&D tax relief specialist, Jumpstart, to realise additional funding for reinvestment in manufacturing in the East of England.
The Space Race is credited to have encouraged the highest rate of research and growth the world has ever known. It is said that the state of technology advanced ten-fold, and this contribution is recognised as a key factor in revolutionising industries far and wide.
Jumpstart, one of the UK’s leading research and development (R&D) tax relief specialists, has said it is “encouraged” by each of the main political party’s continued commitment to R&D.
One of the UK’s leading R&D tax relief firms has opened its first office in the West Midlands and is promising to help engineering firms and manufacturers unlock an extra £4.5m.
Nicole Ballantyne and Kevin Bailey, both experts Jumpstart, a R&D tax relief specialist consultancy firm, explain how companies can navigate the complexities of available benefits.
R&D is critical for most innovation and growth.
Claiming for R&D tax credits is complicated. The legislation is difficult to understand and interpret. You also need to know what technical information to include and be aware of any potential technological advances involved. Without all this, you’re risking submitting an inaccurate claim.
Establishing and defining qualifying R&D in the context of software development can be challenging. The perfect user experience –a holy grail for software developers – may not necessarily be an advance in science and technology (at least in terms of HMRC’s definition).