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.


History

The new approach began in 2000 with the launch of the R&D Tax Credit for
small and medium enterprises Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank ...
."Finance Act 2000"
Retrieved 28 May 2013


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

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See also

* Research & Development Tax Credit * Patent Box * Research and Development Capital Allowances * Research and Development Expenditure Credit * Creative Sector Tax Reliefs Corporate taxation in the United Kingdom Taxation in the United Kingdom