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East Coast Nursery Ltd Mamas and Papas Ltd Prestige Sleep CuddleCo My Carry Potty Cosatto Ltd iCandy World Limited Roma Gaia Baby Apramo UK Ltd Columbus Trading Partners SGS United Kingdom Ltd Thule Dorel UK Turner Bianca PLC Eve Sleep PLC Kaleidoscope Communications Nuby UK BRITISH BABY BOX ebebek UK Retail Services Ltd Jigsaw Brand Consultancy Ltd SHNUGGLE LTD BabyStyle UK Ltd Angelcare Corporate UK Ltd Mayborn Group Silver Cross UK Ltd Baby Jogger Eurofin MTS Consumer Product Testing Hippychick Ltd Britax Römer Europe BubbleBum (UK) Ltd David Lowe & Co Ltd Cheeky Rascals Ltd Amazon UK 2012 Ltd Chicco UK FIRA International Ltd

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You may be entitled to tax relief

09/12/2019

You may be entitled to tax relief

The Baby Products Association has teamed up with leading innovation tax specialist GovGrant to offer members a range of services that could save businesses thousands of pounds.

In the UK, companies can claim tax relief for research and development (R&D) activities. This government scheme is designed to boost innovation by supporting businesses which seek to improve or overcome challenges or uncertainties in their products and processes. The scheme is administered by HMRC.

Many companies may not realise that they are eligible for this tax relief, but in fact 95 percent of those applying to GovGrant will qualify. In fact, there are already many companies in the baby products sector already claiming this relief – so there is a good chance that you could to. For example:

Already claiming R&D tax relief?

On average, GovGrant claims to have increased existing tax credit applications by 200 per cent by finding the full potential of each claim. For example, the company will go back for two years to improve all claims and reports so that opportunities are not lost. The company boasts a 100 per cent success record for R&D claims and is happy to work alongside company accountants to complement their skills.

In addition, GovGrant offers a range of Intellectual Property (IP) services to help companies to commercialise their IP including a potential reduction on corporation tax on patents held.

Baby Products Association member benefits include:

For more information and to discuss whether you may be entitled to a claim, email: steve.thomas@govgrant.co.uk or call him on 07704 146773 quoting that you are a Baby Products Association member or visit www.govgrant.co.uk

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