HMRC Tax Incentives
As Horizon 2020 funding is not a notified State Aid, NI SME limited companies may also be eligible to claim R&D Tax Relief on their qualifying expenditure of:
- 230% under the SME Scheme and/or
- 130% under the Large Company Scheme or 11% under the Research and Development Expenditure Credit (RDEC)
The HMRC’s Patent Box also enables limited companies to apply a 10% rate of Corporation Tax to profits earned after 1 April 2013 from its qualifying patented inventions and certain other innovations.
For further details of eligibility and assistance please contact:
David Stewart from HMRC’s NI Corporate Tax Office
Tel: 03000 599000