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 and 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 the manufacturing sector is currently leading the way with R&D tax relief claims
- The amount of R&D tax relief claimed in 2014/15 by innovative companies
- 5 steps to making a successful R&D tax reliefs claim
- Details of a free talk and lunch explaining support available for innovative businesses
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.
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