LONDON: 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 2011.
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.
