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Guides: Five tax incentives for innovative SMEs

12th May 2022

Tax
Knowledge Hub
5 Min Read

From loans to grants there are many options out there to support your business and its innovation, but often a route that is not fully explored or understood is tax incentives.

These Government-backed schemes can provide significant benefits at every stage of a business’s lifecycle, from startup to exit.

In this short guide, we explore five key incentives you need to be aware of:

Enterprise Investment Scheme
Relief offering tax breaks to investors who buy new shares in a company
Research & Development Tax Relief
A scheme to help you can offset qualifying R&D costs against your Corporation Tax liability
Enterprise Management Incentive
Gives selected employees an option to buy shares in your company
Patent Box Relief
Allows a reduced Corporation Tax rate on profits from products or services containing a qualifying patented innovation
Business Asset Disposal Relief
A tax relief that reduces Capital Gains Tax

Download the guide to find out more about each – and importantly – whether you might be eligible to benefit from them.