Innovation Taxes Newsletter 01.03.16

Welcome to the latest newsletter from the Shorts Innovation Taxes Group (ITG) containing current and topical ITG news items that we hope may be of interest.

Click here to view Innovation Taxes Group Newsletter in full

The Government continues to promote tax breaks for innovation, such as Research & Development (R&D) and Patent Box Tax Reliefs, specifically aimed at providing companies with tax incentives to innovate.

Many local innovative businesses are not claiming or are under-claiming these reliefs and are therefore paying too much tax. The ITG exists to ensure that local businesses claim their full entitlement to these Government backed tax reliefs.

Issues covered in this edition include:

How manufacturers can save tax by claiming R&D tax reliefs.
How companies buying equipment and premises to help them innovate can get extra tax relief.
7 reasons to consider applying for a patent.
How large companies and those receiving grants claiming R&D tax reliefs can also get cash back from HMRC.
The impact of proposed changes to Patent Box legislation.

Scott Burkinshaw

Scott is Tax Partner at Shorts, specialising in providing strategic corporate and personal tax advice.

View my articles

Tags: RADIUS - R&D Tax Relief & Patent Box, Newsletters

Copyright 2018 Shorts Chartered Accountants. All Rights Reserved. Shorts Data Protection Policy. Shorts Privacy Policy. Shorts Payroll Bureau Service Privacy Policy. Shorts Financial Services Privacy Policy. ICO Cookies Policy.
Shorts Financial Services LLP is authorised and regulated by the Financial Conduct Authority. Registered office: 2 Ashgate Road, Chesterfield, Derbyshire, S40 4AA. Shorts is a trading name of Shorts Financial Services LLP. Company number OC307023. Shorts Financial Services LLP is a Limited Liability Partnership. The Financial Conduct Authority does not regulate taxation advice, some forms of auto enrolment, commercial finance advice, will writing and trust advice. Levels and bases of, and relief from taxation are subject to change and their value depends on the individual circumstances of the investor. If you wish to register a complaint, please write to us at the address above in the first instance. If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service (FOS). You can find out how by visiting www.financial-ombudsman.org.uk, or by calling 0800 023 4567.

Where your complaint relates to products or services purchased online, or by other electronic means such as by email, you may refer your complaint to the online dispute resolution (ODR) platform at http://ec.europa.eu/odr.