THE UK TAX TEAM of Alma Consulting Group is set to break the £100m R&D advisory barrier, after another strong year of growth.
As the UK arm of the European R&D tax consultancy, clients have now claimed £100m of R&D tax credits since its launch in 2000.
It is also heading for 49% growth in revenues for the 2015 financial year to nearly £4m in fee income.
Martin Hook, MD at Alma CG, said: “A key factor to our healthy growth is our specialist delivery team which, as expected, includes not only in-depth tax knowledge, but also technical expertise within our clients’ industries. It’s this hybrid expertise which has been integral to maximising our clients’ R&D tax claims.
“Being able to draw on the expertise of an international group, which has claimed nearly €1bn (£710m) of R&D tax benefits for clients globally and operates in countries where the R&D tax schemes are much more mature than the UK, has allowed us to develop a robust and future-proof service for our clients.”
The UK’s R&D tax relief schemes enable companies to obtain generous additional tax reductions for their R&D activity. They can also take advantage of EU funding, which includes the Horizon 2020 programme. It has a global budget of nearly €80bn to support research and innovation projects over the next seven years.
The ATT had previously expressed concern that the legislation was overly complex and created unnecessary complications within the practical working of the new allowances
Richard Oddy, Casper Kaars Sijpesteijn and Rory Goldthorpe have been appointed to senior roles in key sectors of high growth, with a further 17 junior and experienced hires
Introduced in 2013 to encourage R&D investment, the scheme allows UK businesses to pay only 10% corporation tax on profits derived from any UK or certain EU patents
Richard White, Nicola Westbrooke and Richard Ross all join from KPMG, where they oversaw the real estate tax practice