Our Innovation Taxes team helps companies access R&D Tax Incentives, as well as other tax incentives for innovative and creative businesses, including Patent Box Relief and Video Games Tax Relief.

R&D Tax Incentives

The UK R&D Tax Incentive regimes are designed to promote private sector investment in innovation. Small and Medium-sized Enterprises (SMEs) can claim under the R&D tax credit scheme, whereas large companies (and SMEs carrying out funded or contract R&D) can claim under the Research and Development Expenditure Credit scheme (RDEC). SMEs can claim up to 33p for every pound of eligible expenditure on in-house, unfunded R&D, and can receive a cash payment even if they are loss-making or pre-trading.

We offer a range of R&D Tax Incentive Services, from feasibility studies to full claim preparation - find out more.

Patent Box Relief

Once technology has been developed and commercialised, Patent Box Relief can offer significant Corporation Tax savings to companies on the profits they generate.

Companies that elect into the Patent Box regime obtain an effective 10% rate of Corporation Tax on profits attributable to qualifying Intellectual Property (IP), rather than the main rate of Corporation Tax (currently 19%). The Patent Box regime is complex; however, at Johnston Carmichael our specialists are on hand to help you through every step of the process. 

We offer a range of Patent Box Relief services, from feasibility studies to full claim preparation - find out more

Video Games Tax Relief

Video Games Tax Relief (VGTR) is one of a group of corporate tax reliefs designed to assist companies operating within creative industries. 

Introduced in 2014, VGTR can generate significant corporation tax savings for UK game developers. Qualifying companies can claim an additional deduction in calculating taxable profits of up to 80% of the core expenditure incurred in developing the video game. In certain circumstances, the relief can result in cash payments becoming due to the company.

Although the relief is generous, the VGTR legislation is complex and there are numerous conditions that must be satisfied in order for a company to be eligible to claim. In addition, companies also need to consider the potential implications that claiming VGTR might have on the availability of other reliefs and benefits. For example, a company cannot claim both VGTR and R&D Tax Relief in respect of the same expenditure.

We offer a range of VGTR Services, from feasibility studies to full claim preparation - find out more.

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