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The Government innovation subsidy that no-one has heard about

Discover more about how your company can apply for a 10% corporation tax rate. SMEs involved in R&D projects with fewer than 500 employees and an annual turnover of less than 100m euros or total assets worth less than 86m euros are eligible. However it is a subsidy that many companies have not heard of. On average each company that has applied received £42,000 back in cash payments. Effectively the subsidy is worth 25p for every £1 spent on qualifying R&D expenditure.

“The Patent Box will allow companies to elect to apply a 10% corporation tax rate from 1 April 2013, to all profits attributable to qualifying patents, whether paid separately as royalties or embedded in the sales price of products.” HMRC

To find out more about the Patent Box, complete the form below to download our quick reference guide.

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