UK manufacturing and innovation is booming and since the Chancellor announced the reform of Research and Development (R&D) tax credits in the Spring Statement 2022, there has been a lot of discussion around the possibility of a more generous system to continue supporting development and growth. This news was widely welcomed by UK-based engineering and manufacturing companies who are already benefiting from the R&D tax credit scheme, which supports the development of innovative AI, robotics, manufacturing, and design solutions.
But as manufacturing and material costs continue to increase, it is more important than ever for companies to find ways to ramp up profits and investments to meet demands and survive in the competitive market. This is where the Government’s Patent Box scheme can really benefit companies – especially those already receiving R&D tax credits.…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
