Partnership with Jumpstart aims to boost take up and claims
EEF, the manufacturers’ organisation, has today announced a new partnership deal with leading R&D tax relief specialist, Jumpstart, as part of its Advantages programme.
The move will see Jumpstart providing expert advice to EEF members to ensure they secure their full entitlement of R&D tax relief, as well as guidance to those companies seeking to apply for the credit for the first time. The partnership and advice will benefit all sizes of business, from FTSE 100 companies with complex R&D programmes, through to SMEs simply requiring support with the claim process.
Jumpstart will be named as an official EEF Advantages partner – joining EEF’s scheme of third party providers carefully selected to help its members save money and grow their businesses.
Having played a leading role in campaigning for the introduction of the R&D Tax Credit, EEF is keen to ensure that manufacturers benefit from their full entitlement Last year UK manufacturing companies benefited to the tune of £770 million through the tax credit scheme. However, EEF remains concerned that a significant number of companies are either not taking advantage of the scheme at all, or are not maximising their value.
As part of the partnership EEF members will receive a generous discount on Jumpstart fees.
Jumpstart is a leading R&D tax relief specialist guiding companies through the complexities of making R&D tax credit submissions to HMRC. With a large team of technical analysts combining specific scientific and technical backgrounds and industrial experience they are able to identify all available eligible R&D activity and translate very technical information into meaningful reports that are fully compliant with HMRC’s R&D guidelines.
Charles Garfit, EEF Membership Engagement Director, said:
“Our role is to support UK manufacturers and help them realise their growth ambitions in an ever more competitive environment. Investing in R&D is vital to attempts by manufacturers to do just that by increasing their innovation performance and productivity.
“This partnership will be critical in helping companies navigate the complexities of the process of applying for the R&D Credit. It will ensure that those companies already benefiting can maximise their entitlement, as well as enable those encountering the process for the first time to achieve a smooth route through it.”
Scott Henderson, Managing Director of Jumpstart, said:
“Jumpstart is delighted to be partnering with EEF. Building on our significant strength in the engineering & manufacturing sectors, we welcome this opportunity to contribute to the developing dialogue on innovation and we look forward to supporting both large and small companies submit robust claims for tax relief.”
About EEF
EEF, the manufacturers’ organisation, is the representative voice of UK manufacturing, with offices in London, Brussels, every English region and Wales.
Collectively we represent 20,000 companies of all sizes, from start-ups to multinationals, across engineering, manufacturing, technology and the wider industrial sector. We directly represent over 5,000 businesses who are members of EEF. Everything we do – from providing essential business support and training to championing manufacturing industry in the UK and the EU – is designed to help British manufacturers compete, innovate and grow.
From HR and employment law, health and safety to environmental and productivity improvement, our advice, expertise and influence enables businesses to remain safe, compliant and future-focused.
About Jumpstart
Jumpstart is the UK’s leading R&D tax credit specialists providing a complete end-to-end service in claiming for R&D tax relief on behalf of clients.
Jumpstart has helped its clients recover almost £92 million in R&D tax relief and has identified over £467 million in eligible R&D expenditure.
Jumpstart is solely focused on presenting detailed, accurate and compliant submissions to HMRC. It employs teams with the scientific and technical knowledge to identify and justify eligible projects for R&D submission. It deals directly with the staff involved in development to extract the relevant information that explains why the project meets HMRC criteria for eligibility.
After refining its report in conjunction with key staff, it creates a comprehensive financial schedule that allows HMRC to see exactly how the total claimed is broken down and justified.
After guiding the process through HMRC, Jumpstart secures, almost without fail, a tax benefit for the company in the form of a payable cash credit, a tax rebate, or an enhanced deduction that can be used against future profits.
