Firms Entitled to More R&D Tax Relief Than They Realize ; Manufacturing

Summary

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In an environment where cash flow is key to survival, one of the region's leading R& D specialists says West Midlands manufacturers could be missing out on their share of a multi-million pound cash pot from the Government.

James Stephens, a senior manager in Ernst & Young's corporate tax team, said: "Many of the region's manufacturers could be eligible to a pot of over pounds 300million of available R&D tax relief but may not realise that the improvements they have made to their businesses qualify.

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Firms Entitled to More R&D Tax Relief Than They Realize ; Manufacturing

"The definition of R&D for tax purposes is much wider than is often believed and there may be businesses out there...

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