The Patent Box Tax Relief Scheme is designed to encourage companies to keep and commercialise intellectual property in the UK and forms part of the UK Government’s growth agenda.
From April 1 2021 until March 21 2023, companies investing in qualifying assets will benefit from a 130% first-year capital tax allowance. This upfront capital allowances super deduction will allow companies to cut their tax bill by up to 25p for every £1 they invest.
The level of capital allowances on cars you can claim, depends on the level of CO2 emissions of the car/cars in question. This is only relevant for businesses that have acquired cars, zero-emission goods vehicles or equipment for gas refuelling stations for use in their business.
SEIS and EIS Advance Assurance lets investors know that if they invest their money in the company and it remains qualifying, they will obtain their relevant reliefs.
With EIS and SEIS Tax Relief, there are several common problems and mistakes made which could have a impact on your claim. Here we cover the common problems and what can go wrong.
Capital allowances are a means of saving tax when your business buys a capital asset. You can claim capital allowances when you buy assets that you keep to use in your business.
For SEIS and EIS Tax Relief, a company can raise a maximum of £150,000 in SEIS funding. Under EIS, you can raise up to £5 million each year, and a maximum of £12 million in your company’s lifetime.
Most trades qualify for EIS and SEIS funding, but a number are excluded from the schemes entirely.
Enterprise Investment Schemes (EIS) and Seed Enterprise Investment Schemes (SEIS) are investment schemes designed to encourage investment in small or medium sized companies.
You can claim for Video Games Tax Relief (VGTR) on your Company Tax Return. You will need to calculate the amount of additional deduction due to your company and any payable credit due.
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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