Tax relief on investment in R&D
I’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…..