The AMRC has teamed up with Sheffield Chamber of Commerce & Industry (SCCI) and the Innovation Taxes Group (ITG) at Shorts to enable AMRC partners to get help with Research & Development (R&D) claims through the existing Chamber R&D Tax Credit Service operated by SCCI and Shorts.
R&D tax credits are a government initiative providing significant cash incentives for companies to innovate using the tax system. As part of its role in driving step-change improvements in productivity, quality and manufacturing performance, the AMRC is seeking to ensure that its partners and the SME community obtain the full benefit of these generous tax reliefs.
Alan Lyons from AMRC said, “We are keen to ensure that AMRC partners have easy access to their full entitlement to R&D tax credits, particularly SMEs who might not have maximised the opportunity. Shorts have a team of R&D specialists with an excellent track record of helping companies claim. They have been working with SCCI to help Chamber members to claim so it made sense to extend that offering to AMRC businesses so that they can benefit from the help of both SCCI and Shorts.”
Tom Sutton from SCCI said, “We are delighted to extend the Chamber R&D service to AMRC partners. It is one of the Chamber’s member services that has been extremely busy over the last few years but data would show that still only 25% of businesses that are eligible are actually claiming. This is particularly the case in smaller companies, partly because the methodology can be difficult to work through, and we have worked hard to develop a system that is sympathetic to their particular circumstances.”
Scott Burkinshaw, Tax Partner and head of the ITG at Shorts Chartered Accountants said: “We are delighted to get involved in helping AMRC partners and the SME companies they are working with. Like the Chamber and AMRC, we are keen to actively help businesses in the region to flourish. We have helped local businesses claim millions of pounds of cash from HMRC over recent years and look forward to helping AMRC ensure its businesses maximise their claims. We look forward to working closely together to help AMRC businesses to prosper.”
For more details, please do not hesitate to contact a member of the ITG on 0114 2671617 or complete the form below to request your free consultation.
Other articles;
- R&D tax credit explained
- R&D tax credit - £2.9bn claimed by innovative companies last year
- 2018/19 tax tables
Scott Burkinshaw
Scott is Tax Partner at Shorts, specialising in providing strategic corporate and personal tax advice.
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