TEWKESBURY Business

Seminar helps simplify complex subject of tax

2:44pm Thursday 29th July 2010

A SEMINAR for local technology businesses discussed possible government support and advice on how to grow and develop.

Ingenious Britain was led by Worcester-based business and tax advice firm Rabjohns LLP and was attended by tenants from Malvern Hills Science Park and members from Herefordshire and Worcestershire Chamber of Commerce.

The seminar was opened by Dr Zoe Jones, associate director at Rabjohns, who highlighted the recommendations from the recent report undertaken by Sir James Dyson which outlines a number of suggestions for the industry, including a refocusing of tax credits.

Rabjohns tax specialist James Geary talked about the support which is offered by Her Majesty’s Revenue and Customs (HMRC) to technology businesses focusing particularly on research and development (R&D) tax credits.

Mr Geary said: “Many businesses are missing out on extremely valuable research and development tax relief simply because they do not know it exists, or are unaware how to claim it. We have made many successful claims for our clients ranging from £5,000 to £500,000.

“We have also recently launched a no-win, no-fee service so that a fee is only payable to Rabjohns if a claim is accepted and there is a favourable result.”

Nicky Griffiths, director of business development at Herefordshire and Worcestershire Chamber of Commerce, said: “The event was extremely informative and simplified a complex area. Businesses may be put off applying for R&D tax relief simply because it sounds hi-tech, however, any business involved in manufacturing, engineering, or technology, could have eligible work.”

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