R&D and Patent Box

Research and Development (R&D) and Patent Box tax relief are generous incentives aimed at promoting innovation and economic growth. These incentives provide companies with opportunities to reduce corporate tax liabilities or secure significant cash rebates by engaging in cutting-edge research, development, and patent-related activities.

R&D Video

Benefitting from Innovation: R&D Tax Relief

James Cowper Kreston has an exceptional track record in helping companies reduce their tax bill through R&D tax relief or, if they are not currently taxpayers, getting substantial cash pay-outs to fund their qualifying research and development activities.

How does it work?

Companies that spend money developing new products, processes or services; or enhancing existing ones, may be eligible for R&D tax relief. If you’re spending money on your innovation, you could make an R&D tax credit claim to receive either a cash payment and/or corporation tax reduction. The company must complete an “Additional Information Form” (AIF) on a dedicated HMRC portal and then subsequently include the R&D tax relief claim on its corporation tax return.

Find out how we can help you by clicking on the link below.

R&D Tax Relief - What You Need to Know

Research and Development (R&D) tax relief is a valuable incentive for businesses that invest in innovation and technology. It can reduce your corporation tax bill or provide you with a cash payment if you are loss-making.

However, the rules and rates of the scheme are changing from April 2023 and April 2024, and you need to be prepared for the impact on your R&D tax relief claims.

In this webinar series, our R&D tax experts Margaret and Tracy will guide you through the current and upcoming changes to the R&D tax relief scheme and how they may affect your eligibility, calculation and submission of claims.

Watch Here

Patent Box

The patent box regime offers a 10% corporation tax rate on profits generated from UK and/or European patents and could lead to significant tax savings.

Maximising the opportunity to gain benefit from this regime requires some careful consideration including:

Patent ownership requirements – the reduced tax rates may encourage some companies to patent when previously they hadn’t. They need to factor in the time it takes to file a patent application and the time delays before grant of the patent.

Meet some of the Business Tax Team

R&D and Patent Box

Benefitting from Innovation: R&D Tax Relief

R&D Tax Relief - What You Need to Know

Patent Box

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