Tax Planning, R&D Tax Relief
Research and Development and Patent Box
Date Published
The Budget announced some significant and beneficial changes to R&D Tax Credits:- - The rate of credit available has been significantly increased -More companies will be able to access credits as the lower spending threshold is removed However, what is also important for innovative companies is the new "Patent Box" This is a 10% rate of tax for companies after April 2013 on patents that are brought into use now For more information call Eaves & Co Leeds, on 0113 2443502