Contacts and guidance information provided by HM Revenue and Customs. Please note that this information is correct as of 1 April 2022 and could change.
Incentives and Reliefs available
Patent Box
The aim of the Patent Box is to provide an additional incentive for companies to retain and commercialise existing patents and to develop new innovative patented products:
- Corporation Tax: The Patent Box – GOV.UK
- Guidance CIRD200000 and pages following set out the qualifying criteria
- CIRD275000 includes a flowchart for the computation required.
Research and Development Tax credits (R&D), (including Advanced Assurance)
Research and Development (R&D) tax relief (or credit) is a company tax relief that may reduce a company’s tax bill or in some instances involve a payment of credit by HMRC to the company. It is based on the company’s expenditure on R&D:
- Corporation Tax: Research and Development tax relief – GOV.UK
- CIRD80000 and pages following set out the qualifying criteria
- CIRD100000 includes a flowchart for the computation required and further information.
Creatives Tax Reliefs (Film, Animation, High End TV, Children’s TV, Video Games, Theatre, Orchestra, and Museums and Galleries)
These are a group of eight reliefs that allow qualifying companies to claim a larger deduction for certain expenses. The company will receive a reduction in their Corporation Tax liability, or in some circumstances a payable tax credit credit Creative industry tax reliefs for Corporation Tax – GOV.UK
Venture Capital Schemes (EIS, SEIS, VCT)
The schemes are intended to incentivise investment in smaller, higher risk, unquoted trading companies that would otherwise struggle to access finance for growth by providing a range of income tax and capital gains tax reliefs to individual investors:
- Enterprise Investment Scheme (EIS)
- Venture Capital Trust (VCT)
- Seed Enterprise Investment Scheme (SEIS)
Methods of contact:
- R&D: Contact details are set out in CIRD80350
- Advance Assurance (R&D). Explanation of this service.
By email:
- R&D and Patent Box: RD.IncentivesReliefs@hmrc.gov.uk
- Creatives – creative.industries@hmrc.gov.uk
- Venture Capital Reliefs: enterprise.centre@hmrc.gov.uk
By phone
There is a dedicated helpline number 0300 123 3440 and select from the options listed.