Companies are urged to claim back tax for R&D

COMPANIES in the Portsmouth area have shown they are outshining the rest of the UK when it comes to making tax savings, according to R&D tax relief specialist Jumpstart.

Wednesday, 5th October 2016, 5:55 am
Updated Wednesday, 5th October 2016, 2:45 pm

With an increase of 37 per cent year-on-year in the total R&D tax credits claimed in 2014-2015, analysis of HMRC figures shows that south east companies accounted for 17.9 per cent of total claims and 18.5 per cent of the total tax benefits claimed.

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Garry Keith, manager at Jumpstart, said: ‘These figures are encouraging to see, but I feel there is room for more uptake of HMRC’s R&D tax relief scheme.’