Research & development tax relief in manchester is worth claiming if you have a new product, or have spent years developing an existing one. The average value of a claim for R&D tax relief in Manchester is PS19,118, and it could have a significant impact on your bottom line. Companies invest hundreds of thousands of pounds each year in new products or services, and you could claim back-dated relief from two years ago. However, the process can be difficult, and you may want to seek the advice of a qualified professional.

Fast-Track Your Research And Development Tax Relief In Manchester

While Manchester has a strong R&D culture, it has not been fully exploited. Many businesses have not claimed R&D tax relief because they think it is too complicated or expensive. However, the government’s recent review of the rules has revealed that 76% of UK firms are aware of the benefits of R&D tax relief, and only 37% of firms have claimed it. Despite this, R&D tax credit claims in Manchester are higher than the national average.

Manchester has a growing economy, but many companies in the region have been missing out on R&D claims due to the prevailing misconceptions about how much it costs and how difficult it is to claim. While 37% of companies in the UK claim R&D tax relief, the number of Manchester-based businesses making claims has risen by 27.8% over the past year. Therefore, R&D tax relief in Manchester is an excellent opportunity for businesses to boost their bottom line and benefit from tax breaks.

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