How to get money from the taxman for your business

Patent box and R&D tax relief can save businesses substantial amounts of money. Their purpose is to incentivise companies to locate their research and development activities in the UK. Often businesses don’t realise that they are eligible to apply for... Read more

Patent box and R&D tax relief can save businesses substantial amounts of money. Their purpose is to incentivise companies to locate their research and development activities in the UK. Often businesses don’t realise that they are eligible to apply for these reliefs.

The Patent Box scheme reduces the rate of corporation tax liability to just 10% for companies making profits from goods or services they have patented in the UK, but is often underutilised. With an increase in corporation tax rates now expected, the saving will be even greater as no change has been made to this 10% rate as yet.

Claiming these attractive reliefs can be a complex process, and without a patent in place, which has to be done very early in the life of the product or service, the company cannot claim. It helps to have professional guidance from the start so you don’t miss out on these reliefs. Considering how or whether to navigate a patent application comes with lots of questions.

You’re invited to a seminar where our panel of experts will explain:

• the benefits of Patent Box and R&D tax reliefs,
• how to find out if you’re eligible and,
• the next steps you’ll need to take.

We’ll be covering all bases with valuable insights from our accounting expertise for the tax relief available, complemented by the legal IP expertise needed to enable you to take full advantage of these schemes.

Presentations will be followed by an interactive Q&A session with the panel.

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Expert Panel:

Clair Dart is a partner at Alliotts LLP leads the Corporate Tax team. She specialises in advising on R&D tax relief and provides corporate tax advisory and planning services to businesses.

Dr Rachel Daniel of ip21 Ltd is an IP specialist at ip21 and is involved with business development. She has a background in academia, biomedical science as well as hospitality management.

Ed Clarke of ip21 Ltd is a UK and European patent attorney who has represented clients ranging from start-ups and individual inventors to quoted companies in a wide range of technologies.

Who should attend:

Owner Managers of business involved in innovation.

The takeaways:

You’ll leave with an understanding of the benefits of patent box and R&D tax relief, how to qualify, and what the application process involves. You’ll also receive an overview of how to recognise if you have something potentially patentable, as well as an appreciation of the wider advantages of protecting your intellectual property.

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