A new summary of UK innovation tax reliefs has been published by HMRC to raise awareness amongst firms of what is available.
The summary covers incentives, tax reliefs, patent box, R&D tax schemes, and sector-specific incentives. Tax reliefs can play an important part in unlocking private sector innovation and R&D, but to maximise their value there is a need for sufficient awareness amongst firms about the incentives available. The summary sheet makes a helpful start in setting out the different innovative reliefs for specific sectors to allow companies to see what is available.
Read the summary here.