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.
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
- "Finance Act 2000" Archived 17 November 2012 at the Wayback Machine Retrieved 28 May 2013
See also
- Research & Development Tax Credit
- Patent Box
- Research and Development Capital Allowances
- Research and Development Expenditure Credit
- Creative Sector Tax Reliefs