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 Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organizat ...

."Finance Act 2000"
Retrieved 28 May 2013

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 A capital gains tax (CGT) is the tax on profits realized on the sale of a non-inventory asset. The most common capital gains are realized from the sale of stocks, bonds, precious metals, real estate, and property. In South Africa, capital g ...

relief to individuals who invest in small early stage businesses.

References

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History

Overview

References

See also