Momentum Group supports MPA NI members with R&D tax advice during this time

As companies fight to navigate a course through the global Covid-19 crisis, a healthy cash flow and R&D Tax Credit relief could be critical to keeping staff in jobs and the very survival of the businesses.

The Momentum Group is pledging its support to all members of the Mineral Products Association Northern Ireland (MPA NI) by offering free R&D tax advice during this challenging period for companies.

Momentum Group Managing Director, Tom Verner said: “This is an unprecedented global crisis and the only way we will beat Covid-19 is by working together and helping each other.

“Many members within the MPA NI have already benefitted from this tax relief just by reviewing the current business and innovation they are applying throughout their processes. But we want to ensure all companies are getting what they deserve in terms of R&D Tax Credit support available from the government.

“The monetary value of R&D tax credits to companies could run into tens of thousands of pounds, which could benefit cash flow enormously at this time.”

Gordon Best, Director of MPANI, the organisation which represents 95% of the industry in Northern Ireland, said, “Most companies within the sector will find some of the MANY processes they are already carrying out are eligible for research and development (R&D) Tax Credits. Given the COVID 19 emergency that is impacting every aspect of our lives, and the need to get cash into your business, there is no better time to investigate if your company is eligible for R&D Tax Credits.

“R&D was something which was off the industry’s radar but there is innovation going on every day. The UK Government has increasingly placed greater emphasis on R&D as they want to see companies innovate and it is an area we’re very supportive of.

“MPANI would encourage all firms within our sector not to disregard the potential of claiming for R&D Tax Credits, to which they are entitled. The Momentum team have been working with many of our members over the past few years and the results have been incredible. It’s clear they are experts in their field and know what qualifies for R&D Tax Credits and what doesn’t.”

For more information on Momentum Group visit: www.momentumgroupni.com

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