Technology Tax Relief

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.^[1]

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

See also

• Research & Development Tax Credit
• Patent Box
• Research and Development Capital Allowances
• Research and Development Expenditure Credit
• Creative Sector Tax Reliefs