Tax Credits & Reliefs
Everyone moans about paying taxes but the government has schemes to help those who are truly innovative. The Research and Development tax credits are not just for people in white lab coats, they are for everyday businesses who are innovating. If you are coming up with a new way to do something, or updating a product and it requires you to make something new in the process, you could qualify for tax credits.
There are also tax reliefs for the creative industries, if you are making a film, high end TV programme or a video game there are more savings to be had.
The patent box shcee is still open to new entries, although not for long. This can save you tax on revenues from any product with a registered patent on it or any of its components.
So tell us about what you do, what you are working on and we will see if any of the reliefs could be for you.