SMEs in the Liverpool city region are missing out on millions of pounds in R&D tax credits.
Latest figures reveal that of the 22,445 claims across the UK totalling £2.45bn in tax benefits, only 2,200 claims came from companies in the North West and resulted in just £130m back.
Russell McGrath, client engagement manager for Jumpstart in the North West, said: “While it’s encouraging to see many local companies availing of the R&D Tax Credits scheme, these latest HMRC figures are an alarming demonstration of just how much companies from the region are losing out in terms of tax savings compared to companies throughout the rest of the UK.”
Article originally published on http://www.ybnews.co.uk
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