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How to profit from your patents

The Patent Box allows companies to apply a reduced 10% rate of corporation tax rate on profits earned from their patented inventions and innovations.

Don’t pour cold water on your trademark application

There are a number of things to consider before you submit your application to the Intellectual Property Office.

How to reduce your corporation tax bill with R&D relief

In a bid to compete with Ireland's 12.5% corporation tax rate, Enterprise Minister Arlene Foster has suggested lowering the rate to just 10%. According to Northern Ireland secretary Theresa Villiers, around 34,000 businesses will benefit when the power is devolved in April 2017.

Claiming R&D relief for SMEs

R&D tax credits allow businesses engaged in R&D projects to receive a tax deduction based on the costs incurred on the project.

TAX IMPLICATIONS OF HUNG PARLIAMENT

The result of the General Election has left Teresa May and the Conservative Party clinging on to power with support from the Democratic Unionist Party (DUP) in Northern Ireland. This leads to a period of significant uncertainty for the country as the BREXIT negotiations are just about to start.

New Government Childcare Schemes

Working parents can start applying for two new Government childcare schemes launching this year – Tax-Free Childcare which begins immediately and 30 hours free childcare which starts in September.

Pension Tax Relief Change

There is again speculation about further restrictions to tax relief on pensions in the Chancellor’s Autumn Budget.