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Content is for information only. No action should be taken without seeking professional advice   Jeffreys Henry LLP 2012
Jeffreys Henry LLP• Established over 100 years ago• A top 100 firm of Chartered Accountants• Based in the heart of London’...
Our Experience
Seed Enterprise Investment Scheme  Enterprise Investment Scheme           Patent Box     Research & Development
SEED ENTERPRISE INVESTMENT SCHEME  – Available from 6 April 2012  – Companies can raise up to £150,000 under SEIS  – Only ...
SEED ENTERPRISE INVESTMENT SCHEME  – The receipt of Advance SEIS Assurance from HMRC does not guarantee    that any Invest...
Several of the SEIS Fund Managersthat we work with are looking forcompanies to invest in.Contact us for more information.
Enterprise Investment Scheme  – SEIS’s big brother  – Income tax relief is 30%  – Investment of up to £1 million  – Loss R...
Patent Box• Comes into force on 1 April 2013• An opportunity to apply a 10% rate of Corporation Tax to worldwide  profits ...
Qualifying Patents• The Patent Box will only apply to products, and processes covered by  patents, which have been granted...
Patent Pending  • Patent applications that are pending are not eligible,  • However, provided that the company with a pend...
Research & Development Tax Relief   • An amount of 225% of the qualifying expenditure can be     claimed against tax   • M...
Updated slides   show me the money, nov 2012
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Updated slides show me the money, nov 2012

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Updated slides show me the money, nov 2012

  1. 1. Content is for information only. No action should be taken without seeking professional advice Jeffreys Henry LLP 2012
  2. 2. Jeffreys Henry LLP• Established over 100 years ago• A top 100 firm of Chartered Accountants• Based in the heart of London’s Silicon Roundabout• Our approach - We work with you!• Significant experience working with entrepreneurial technology/digital businesses…
  3. 3. Our Experience
  4. 4. Seed Enterprise Investment Scheme Enterprise Investment Scheme Patent Box Research & Development
  5. 5. SEED ENTERPRISE INVESTMENT SCHEME – Available from 6 April 2012 – Companies can raise up to £150,000 under SEIS – Only available for new businesses – Up to 50% tax relief for individual investors – A rare opportunity to mitigate Capital Gains Tax in 2012/13 only – Up to 100.5% loss relief if the company fails – Can raise a further £1m through EIS once 75% of SEIS funds are spent
  6. 6. SEED ENTERPRISE INVESTMENT SCHEME – The receipt of Advance SEIS Assurance from HMRC does not guarantee that any Investment made will actually qualify for relief – This will depend on whether the terms of the transaction, the individual investors and the company all qualify for relief both when the investment is made and for a period of three years after the date the shares are issued – Always seek professional advice
  7. 7. Several of the SEIS Fund Managersthat we work with are looking forcompanies to invest in.Contact us for more information.
  8. 8. Enterprise Investment Scheme – SEIS’s big brother – Income tax relief is 30% – Investment of up to £1 million – Loss Relief
  9. 9. Patent Box• Comes into force on 1 April 2013• An opportunity to apply a 10% rate of Corporation Tax to worldwide profits attributed from Patents and certain other Intellectual Property (IP)• Combined with Research & Development Tax Relief, there is an opportunity for a significant tax reduction
  10. 10. Qualifying Patents• The Patent Box will only apply to products, and processes covered by patents, which have been granted by either the UK Intellectual Property Office, the European Patent Office, and patent offices of certain EEA countries. It does not apply to trademarks, brands and copyrights• In addition it has to meet the ‘development condition’ Broadly speaking, the development condition requires a company to significantly contributing to the creation of the patented invention or performing a significant amount of activity to develop the patented invention, any product incorporating the patented invention, or any process incorporating the patented invention
  11. 11. Patent Pending • Patent applications that are pending are not eligible, • However, provided that the company with a pending patents elects into this scheme, the reduction in corporation tax may be back- dated up to six years prior to the grantQualifying Businesses • The Patent Box will be available to most businesses within the scope of UK corporation tax. • Individuals, partnerships and limited liability partnerships are not eligible
  12. 12. Research & Development Tax Relief • An amount of 225% of the qualifying expenditure can be claimed against tax • Must be related to your existing trade or one to be started • Basically scientific or technological advances • If no profits then can claim credit against PAYE & NI

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