Technology Tax Relief

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.^[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.