Companies in some regions of the UK are losing out on millions of pounds of R&D tax savings every year, a new study reveals.
Companies in some regions of the UK are losing out on millions of pounds of research and development (R&D) tax savings every year compared to their counterparts across the rest of the UK, according to R&D tax relief specialist Jumpstart.
Despite an increase of over one third (37 per cent) year on year in the total R&D tax credits claimed in 2014-2015, analysis of the latest HMRC figures for FYE 2015, released today, shows that North West companies accounted for just 9.9 per cent of total claims and a mere 5.9 per cent of the total tax benefits claimed.
Article originally published on http://smallbusiness.co.uk
Read the full article here
