For employees involved in research and development and for expenses relating to this area, such as the purchase of equipment, you could receive a discount on tax to be paid. If you are self-employed, there will be an extra tax allowance in your income tax return. This scheme is referred to as the Promotion of Research and Development.
You could also be eligible for the ‘innovation box’, where profits are taxed at only 5%. If you are interested in any of the other advantages from which you can profit with innovative activities, call us!
