Samiksha Jaiswal (Editor)

Technology Tax Relief

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Technology Tax Relief is the generic name for the programme of tax incentives implemented in the UK to incentivise companies to invest in high-value-add R&D and IP commercialisation.

Contents

History

The new approach began in 2000 with the launch of the R&D Tax Credit for small and medium enterprises.

Overview

Technology Tax Relief now encompasses the following main tax reliefs:

  • Research & Development Tax Credit
  • Patent Box
  • Research and Development Capital Allowances
  • Research and Development Expenditure Credit
  • Creative Sector Tax Reliefs including
  • Video Games Tax Relief,
  • Animation Tax Relief,
  • High-End TV Production Tax Relief,
  • and Film Tax Relief
  • The Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) give generous income and capital gains tax relief to individuals who invest in small early stage businesses.

    • References

    Technology Tax Relief Wikipedia
    (Text) CC BY-SA