Milton Keynes accountant begins work advising the government on tax breaks for business

Milton Keynes accountant, Mike Price, has begun work advising the government on tax breaks for business

Milton Keynes accountant, Mike Price, has begun work advising the government on tax breaks for business

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An accountant based at a firm in Olney has been invited to advise the government on how a complicated tax credit scheme is applied.

Mike Price, technical director of The MPA Group, in High Street, has built up expertise in making claims on behalf of hundreds of clients for the Research and Development Tax Credits scheme.

Even though it can be of benefit to firms to apply for the credit, the paperwork for it is immense, stretching to tens of thousands of pages.

But Mr Price has an encyclopedic knowledge of the intricacies and has made claims worth more than £20m for clients and was invited to sit on the R&D Consultative Committee. Other members include the big four accountancy firms.

The R&D scheme helps companies recoup some of the cost of their investment in innovation, development and testing. It aims to ensure the UK’s competitiveness with the rest of the world. Companies apply to claim back part of their Corporation Tax bill.

Mr Price said: “I want policy to be applied in the spirit of legislation and in the best interests of our clients. If the rules are applied fairly and consistently it gives our clients certainty and maximum value.”

The committee meets twice a year.