R&D Tax Credits and Patent Box Scheme
Your business could be eligible for R&D Relief and a reduction of Corporation tax via the Patent Box scheme if it meets the right criteria. The Small or Medium-sized Enterprise Scheme was introduced in 2013 and gives businesses taxable credit relief dependant upon the amount of R&D expeniture. Your company must have an annual turnover not exceeding 100 million euros and fewer than 500 employees.
To qualify for the Patent Box scheme, and the reduced rate of 10% Corporation Tax, your company must make a profit from exploiting patented inventions and must own, or exclusively license-in the patents.
We can liaise with your accountants to ensure you receive the full benefits you are entitled to.