Gateley Capitus announces new senior R&D tax appointment
Leading fiscal incentives consultancy, Gateley Capitus, has welcomed Jason Banks as an associate director within its research and development (R&D) tax team.
Jason joins from MPA where he worked as a principal analyst for seven years, having previously held positions at Airbus and global security solutions business, Cassidian.
He will work remotely to support the R&D tax arm of Gateley Capitus, along with fellow associate director and head of R&D, Peter Corley.
Jason said: “I’m pleased to be joining Gateley Capitus to build on the work of the team.
“R&D is a useful, but underused tax relief, which can provide valuable cash flow for many businesses. The construction sector in particular is an area which underuses its allowance, simply because it’s often the case that management teams don’t realise what can be classified as R&D.”
Peter Corley added: “This is a really exciting time for Jason to join the team, as our pipeline of work is continuing to grow in this area, but would benefit from some more client-side expertise as to why so many businesses fail to claim this valuable relief.
“Jason’s understanding of the barriers to making a claim and how we can actively work with clients to address any knowledge gaps around R&D tax relief will be invaluable.”
Gateley Capitus has continued to grow despite the challenges presented by the pandemic, with three senior appointments to the team since November 2020, including associate director and head of land remediation relief, Robert Jones.
Gateley Capitus, managing director, Aubrey Calderwood explained: “We’ve been fortunate to be in a position whereby our client instructions have remained steady, with an increase in instructions for both capital allowances advice following the changes announced in the March Budget, as well as a continued focus on remediating brownfield sites, and a need to claim back tax reliefs in this area.
“R&D is another important tax relief, which has appeared somewhat underutilised by businesses that may not believe their research into new methods of building homes for example, warrant an R&D tax claim.
“We want to change that to make sure businesses are able to make the most of their cash flow to aid the economic recovery post-Covid-19.”
Gateley Capitus specialise in advising businesses on the tax incentives available for investment in both commercial property and research and development activities.
This was posted in Bdaily's Members' News section by Jessica Guy .