Research & Development / Patent Box trigger points
Looking for funding to grow the business – could open the door to SEIS/EIS (Seed Enterprise Investment Scheme) or if innovative then grants (for which they may need a grant audit) and R&D.
Protecting their IP (Intellectual Property) – Patent Box.
Creating IP or differentiating themselves through development activities – R&D.
Setting up exclusive licences or licensing agreements in general over theirs or someone else’s IP – Patent Box.
New grants awarded – grant audits and if Innovate UK grants then R&D.
Group undertaking development activities planning restructure – possible planning to ensure tax reliefs are preserved.
Group holding patents considering restructure – planning to ensure tax reliefs are preserved.
Contact: Jemma Vaughan, Partner Windsor House