"Claiming tax back on R&D can provide real value to current projects which can reap the benefits of reinvestment in the business and lead to more R&D activity."
Peter Corley, associate director
Peter joins from MPA and has over 12 years experience in the tax credits, patent box and innovation funding sector.
He will be based in Gateley’s London office with responsibility for the R&D arm of the business to help companies of all sizes assess their R&D costs and identify any claims they can make via tax relief and credit schemes.
Peter explains: “Since R&D tax reliefs were launched in 2000, over £33.3bn has been claimed and according to a recent HMRC report, £5.3bn of claims were made during the 2018/2019 tax year, with further retrospective cases to come.
“Claiming tax back on R&D can provide real value to current projects which can reap the benefits of reinvestment in the business and lead to more R&D activity.
“Patent box is another form of tax relief that can be used by companies that have patented their intellectual property (IP), but it is very underused because many businesses simply do not understand that they can claim tax back against their IP.
“Continuing to innovate throughout the pandemic will be key to the UK’s economic recovery and using R&D tax credits to claim money back and reinvest it will be a useful strategy to enable many businesses to do this.”
Gateley Capitus managing director, Aubrey Calderwood, commented: “Peter will be an excellent addition to the Gateley Capitus team to help our clients save money and raise awareness of the relief available to them.
“I hope that Gateley Capitus will be able to assist as many of these businesses as possible with Peter’s help.”
Gateley Capitus specialise in advising businesses on the tax incentives available for investment in both commercial property and research and development activities.