UK Tax Relief Services
89% of UK businesses are losing billions in unknown & unclaimed tax rebates and tax relief each year.
Shiro Business Solutions help medical device & IVD companies uncover the hidden value in their business or commercial property through various tax credits such as:
– Capital Allowances
– Research & Development (R&D)
– Land Remediation
– Patent Box
Capital Allowances
Capital allowances are a government incentive that reduces taxable profits for companies by allowing them to claim tax relief on certain types of assets associated with the business, such as equipment and research costs. Capital allowances are quite a complex area of UK tax legislation, which is one of the main reasons they are often overlooked.
Shiro Business Solutions can provide medical device and IVD companies with much-needed support and guidance in this area, ensuring they don’t miss out on what could be a significant tax relief opportunity.
R&D Tax Credits
R&D Tax Credits are another government incentive to encourage British businesses to be more inventive by reimbursing them for any development endeavour they carry out. Suppose your medical device or IVD company has developed new or improved devices, processes or services that represent a scientific or technological advance. In that case, you could be eligible for either a cash payment or a reduction in corporation tax.
The specialists at Shiro Business Solutions are experienced in supporting various companies in making successful R&D Tax Credits claims.
Land Remediation Relief
Land Remediation Relief allows land and property owners to claim corporation tax relief of up to 150% towards the cost of removing or treating land or property contaminants – such as asbestos, Japanese Knotweed or radon – or for bringing land that has been derelict back into use.
The team of experts at Shiro Business Solutions can help you determine if you may have unused allowances hiding in your commercial property.
Patent Box
Patent Box is another government incentive designed to reward innovative UK companies developing new patented inventions. The Patent Box Scheme reduces the corporation tax on profits resulting from qualifying IP income to 10% if the IP is kept in the UK.
Shiro Business Solutions helps medical device & IVD companies maximise the full credit they are due with our expert UK tax relief services. You’ll be in safe hands.