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Ducks in a row

21 January 2014 / Rob Durrant-Walker
Issue: 4436 / Categories: Comment & Analysis , patent box , R&D , Business

Should new firms be lining up to claim relief under the R&D and patent box schemes? 

KEY POINTS

  • The ultimate business goal of the owners will be relevant but is this clear?
  • Understanding the elements of research and development tax relief.
  • Is it worth patenting products to obtain the reduced rate of corporation tax?
  • The relevance of the new employer shareholder status.
  • Flexible personal loss relief versus corporate tax relief.

This article stems from one call received from a science park organisation to meet and give initial advice to one of their start-up members whose initial focus was: “should we be a company?”

However this led to some basic research and development (R&D) and patent box aspects. For many of our clients whether to apply for R&D or patent box is a no-brainer.

Thought must therefore be given to these...

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