Failed innovations can still reward a business’s bottom line, providing extra capital which can be reinvested through the research and development (R&D) and Patent Box tax credits. Mark Tighe explains
Jason Stevens, patent attorney at Dehns, gives an outline of how the Patent Box and R&D tax reliefs work as well as explaining why both may be available to businesses that don’t even realise it.
Confirmed in the 2012 Budget, the Patent Box regime is due to commence in April 2013. Sharon Bedford, business tax partner at James Cowper, looks at what it means for technology and manufacturing businesses.
