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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 the Shorts ITG 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:

  • Common areas of mistake when making R&D tax relief claims
  • R&D tax relief claims within the rail industry
  • Income tax and capital gains tax relief available for private investor 'dragons'
  • Help for innovative Northern Stars
  • Current competitions and funding opportunities available for the region's innovative companies

If there is anything contained in the newsletter you would like to discuss in more detail then please do not hesitate to contact a member of the ITG.

author

Scott Burkinshaw

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

View my articles