With recent changes to the R&D tax relief schemes, we explain how this could affect your business.

Watch our short videos to find out the key changes to the rates of relief in the SME and RDEC schemes, and the implications of the new R&D merged scheme.

Innovation

From R&D tax incentive advice to help develop your innovations, to Patent Box tax relief and planning, and independent accountant's reports (IARs), our specialist Innovation tax team can deliver bespoke solutions for your IP-rich business designed to take full advantage of the ever changing opportunities faced by innovative enterprises.

R&D Tax Incentives

Research and Development (R&D) tax credits are a valuable government subsidy that can significantly reduce your company’s tax bill, and even get you some cash back.

Patent Box

The UK Patent Box regime is a generous tax incentive. It effectively applies a reduced rate of corporation tax on profits arising from patents and patented products, provided that the claimant company has been involved in the development of the patented technology or products and services based on it.

Featured news

Autumn Statement 2023 - R&D tax relief reforms

Wednesday 22 November 2023

Today’s statement confirmed that the Government will be pressing ahead with passing legislation to merge the two current R&D tax incentive schemes into a single scheme for all companies. Find out more here.