The short answer is, ‘yes, you can get tax relief on the money you make from patents’. It is part of the government’s drive to promote R&D across the UK’s business world. The more interesting and complicated question is ‘how do I get patents tax relief?’ What is ‘The Patent Box’? ‘The Patent Box’ is [...]
Did you know that EU Business Innovation Funding has business support structure, as well as the money?
EU Business Innovation funding comes from a European project called Horizon 2020. The Homepage describes it best: “Horizon 2020 is the biggest EU Research and Innovation programme ever with nearly €80 billion of funding available over 7 years (2014 to 2020), in addition to the private investment that this money will attract. It promises more [...]
An imbalance exists between the effective rate of corporation tax paid by large companies and SMEs. Businesses with less than 500 employees and a maximum turnover of £25m, SMEs, are feeling the effects of this disparity. What has caused this discrepancy in Corporation Tax payments? Over time, SMEs and large companies have ended up on [...]
Innovate UK is a government initiative, under the umbrella of UK Research and Innovation (UKRI). As described on their homepage, UKRI operates… across the whole of the UK with a combined budget of more than £6 billion, UK Research and Innovation brings together the seven Research Councils, Innovate UK and a new organisation, Research England. [...]
Con artists do seem to be the most creative of the criminal world, always staying current with their latest scams. There has been a rise in those purporting to be R&D Tax Relief experts. You need to be very careful whose advice you follow as, not only can they con you out of money, they [...]