Press Room
Impact of the pre-budget report on the technology sector
If you are writing on the impact of today's Pre-Budget
Report announcements on the technology sector please consider the
comments of Neil Pamplin, Director in the Technology Group at Grant
Thornton.
"We welcome the introduction of a Patent Box regime which
includes a corporate tax rate of 10% applicable to income derived
from patents. This will provide a real boost to innovative
technology businesses."
"There is a welcome relaxation in the requirement for Small and
Medium Enterprises to own the Intellectual Property derived from
Research & Development (R&D) for enhanced relief purposes.
This will continue to ensure that R&D relief will remain a
valuable incentive to business.
"It is also pleasing to see that there were no further
limitations to the application of Enterprise Investment Scheme or
Venture Capital Trusts. But it is disappointing to see a suggestion
in the accompanying Pre-Budget Report notes to refine the
definition of qualifying businesses which would direct schemes at
high risk businesses, which seems like an unnecessary further
addition."
For further information, please contact:
For further information, please contact: Lisa Ritchie, Grant
Thornton Press Office: 020 7728 2208 or email: lisa.ritchie@gtuk.com