Research and Development (‘R&D’) – is your company claiming enough?
HMRC have published their latest updated statistics on R&D claims made by type, sector and region.
You can access the report by clicking here.
To summarise, the report shows that:
- The number of R&D claims being made has increased in 2013/14 from the previous year;
- The largest number of claims made were by SME’s, which rose 23% on last year, with claims by large companies up 4%;
- In terms of sectors, manufacturing continued to represent the highest number of claims being made; and
- The North East is still the worst performing region (in England) in terms of claims being made, although there has been an increase from the previous year.
The key point is that the message about R&D tax incentives still doesn’t seem to be filtering through to companies in the North especially SMEs and there remains plenty of opportunities for Northern based companies to claim R&D tax relief.
At UNW we have prepared numerous successful claims for our clients across the North of England and further afield and pro-actively discuss clams with the HMRC Incentives unit.
It often pleasantly surprises our clients what expenditure qualifies for R and D relief – so do not hesitate in contacting either Raj Nayyar on 0191 243 6240 (firstname.lastname@example.org) or David Ward on 0191 243 6081 (email@example.com) to discuss your companies potential claim and how you can benefit from this generous tax relief that is actively supported by HMRC.
Photo: Front, l-r: Rajan and Anjali Malhotra, Marjorie Ridgway / Back, l-r: Alan Suggett, Karen Simms, Amanda Maskery, Paul Graham
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