Technology Tax Relief
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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.