Britain’s Energy Coast Business Cluster currently has a number of active Sector Groups and there are plans for at more to reflect its growing and changing membership. The BECBC Sector Groups are for members only and provide an invaluable forum for businesses to meet others in their industry, to find out about trends and opportunities and to share information and knowledge with potential partners, clients and suppliers.
Britain’s Energy Coast Business Cluster meetings are held every month and are a great opportunity to meet other members. Other BECBC events include monthly training workshops, the BECBC Business Awards and other networking events, as well as specialist Sector Group meetings.
Business School Engagement Events enable students to gain a better understanding of the world of work as well as meet local employers who are members of the cluster. The Charity Page signposts you to some local organisations.
The Patent Box tax relief is the Government’s way of rewarding companies that are driving innovation. The aim is to encourage the development of new patented inventions in the UK. If your company is making a profit on your patented inventions, you will be eligible for a lower effective corporation tax rate of 10% on your relevant profits. This will save your company money and allow you to invest in future innovation.
If you’re a UK company with patented inventions, you will qualify for the Patent Box tax relief.
Opting in to the Patent Box means you can benefit from an effective tax rate of just 10% on your relevant profits – the normal corporate tax rate is 19%!
The average benefit for large companies is £2m!
If you are eligible for the Patent Box tax relief, it is likely that you are also eligible for R&D tax relief. Catax (a BECBC member) has a team of specialists here to help – just give us a call!
Paul Crooks 07901 852950
Nigel Holmes 07752 732958 https://catax.com/the-patent-box/