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.
R&D tax credits allow businesses engaged in R&D projects to receive a tax deduction based on the costs incurred on the project.
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.
There are a number of things to consider before you submit your application to the Intellectual Property Office.
The Patent Box allows companies to apply a reduced 10% rate of corporation tax rate on profits earned from their patented inventions and innovations.