Tax relief on investment in R&D

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FiftiesI’ve banged on in the past about the generous tax reliefs available for companies which invest in Research & Development. And never forget that those breaks can apply to all sorts of everyday research we do – not just cutting edge scientific work. But the new “Patent Box” initiative is also worth a look.

It is going to offer a 10% tax rate on all profits which derive from new patents – and these are not out of the range of small business.  Even companies which sell products which have been patented by other suppliers can benefit.

Watch this space…..

Author: Businesswise Accountant

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