Qualifying projects for R&D Tax Credits and Patentable Inventions
21 February 2023
Through research and development, companies have the potential to create inventions which can qualify for both R&D tax reliefs as well as patent protection.
To maximise benefit, companies should look into concurrently applying for R&D tax reliefs and patent protection on any innovation developed during their research-intensive activities.
Here, we compare how HMRC assesses Scientific Advancement for R&D tax relief versus how the UK Intellectual Property Office examines the patentability of an invention:
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