Global Regulatory Services teams up with Leyton to raise awareness of R&D tax credits for eligible companies
GRS, which is based near Ely, has just announced an alliance with the UK branch of the French company, Leyton, to raise awareness of the opportunities available for eligible companies.
Bobby Deal, Managing Director, of GRS, said that this alliance with Leyton, a consulting firm with specialist knowledge of the UK R&D tax credit system, was extremely important for many of GRS’ innovative clients.
Bobby said: “Companies are too often missing out on tax relief and credits which they are due, but are completely unaware of. Our consultancy focuses on regulatory affairs and innovation, but we like to take this a step further and advise our clients on market strategy and access thereby giving them the best chance for successful commercialisation. With Leyton we can now ensure our clients are not only compliant with the regulations but also that they take full advantage of the UK Research and Development Tax Relief and Credit Scheme optimising their business costs.”
Profit-making SMEs can deduct up to 225% of their eligible R&D expenditure from their corporation tax liability and SMEs in a loss-making position can claim up to 25% of their eligible expenditure as a payable tax credit. Without making these kinds of claims, a company could be seriously damaging their future.
Dr Kristin Kornerup, a R&D Consultant at Leyton, has indicated that the R&D Tax Relief and Credit schemes underpin the success of the life sciences organisations in the UK.
Kristin said: “The Life Sciences sector is pivotal in the UK and invests vast amounts of capital on R&D. Even so, we find companies continue to miss out or underestimate their claims, mainly because of lack of awareness or a misunderstanding of the, admittedly complex, legislation. We are delighted to have built an alliance with GRS, and aim to assist their clients in achieving successful R&D Tax Relief & Credit claims. The most important direct consequence of the scheme is that it allows companies to re-invest in research and development. This is particularly important for early-stage research, where cash funds are often difficult to obtain.”
About Global Regulatory Services (GRS)
Operating at the forefront of technology in the life science industry GRS specialises in new upcoming regulations affecting the life science industry (ranging from food supplements to stem cell therapy). GRS is an innovative regulatory affairs consultancy headquartered in the UK offering resource, support, advice and solutions to life science companies worldwide. Their business model includes an established and extensive network of professionals and specialist consultants throughout the world with particularly strong connections in Europe, America, Canada and Asia. GRS professionals are highly experienced with many of them being leaders in their own field ranging from Traditional Herbal Medicines through to Stem Cell Therapy and Regenerative Medicine. Web: http://www.globalregulatoryservices.com/
About Leyton
They have a unique goal – to quickly improve the financial performance of its clients without impacting on their core business. In the UK, their specific expertise is in the optimisation of R&D tax credits, R&D grants, and optimisation of telecommunications. They understand that the complexity of tax regulations and the ever evolving business environment makes it almost impossible for companies to own and dedicate expert resources in many technical areas.
For over 14 years, they have been devoted to working with leading companies who wish to optimise their business costs. During this time, they have assembled a distinctive blend of highly qualified tax professionals, lawyers, scientists, engineers, accountants, and consultants experienced in almost every industry sector. Through talented and dedicated personnel, they have developed a unique optimisation process based on both financial and technical expertise. This proven methodology is designed to help leaders make distinctive, lasting, and substantial improvements to the performance of their organisation while maintaining acceptable service levels. Web: http://www.leyton.com/
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Further information
Please contact press officer Ellee Seymour on 01353 648564 or 07939 811961, email ellee.seymour@btopenworld.com
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