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.
For Video Games Tax Relief UK, you can claim an additional deduction to reduce your profits or to increase a loss. This will reduce the amount of any Corporation Tax you will need to pay.
Video Games Tax Relief (VGTR) is available to Video Games Development Companies (VGDCs) conducting a video game trade. There can only be one Video Games Development Company for each relevant video game.
A video game is an electronic game that is played through a video device. The video device and equipment required to play the game are separate from the game itself, even if the two are sold as a single product. The video game is the software and other electronically stored content and information, rather than the hardware it is played on.
Video Game Tax Relief (VGTR) is a creative industry tax relief incentive, funded by the UK government. Video Games Tax Relief gives UK game developers a tax rebate worth up to 20% against the money they spend on the design, production, and testing of a new video game.
Can you claim R&D Tax Relief for New Product Development (NPD)? A question with a complex answer when you consider how R&D is defined - however the short answer is ‘yes’, providing you have overcome a technical challenge to develop your new product!
One of the brilliant ways that project managers can receive funding for their R&D projects is through claiming R&D tax relief. Even if an R&D project fails on paper, it's likely you will still have the opportunity to claim R&D Tax.
The general rule is that UK businesses can only claim one form of State Aid - this could include Covid support, R&D Tax Relief, and even some Grant Funding. This means that you need to be quite selective with how you utilise Government schemes that are considered State Aid.
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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