Tax Incentives

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Tax Incentives Services

There are a huge number of tax incentives, grants and funding initiatives available to UK businesses, as the government seeks to grow the UK’s reputation as a hotspot for innovation. It can be complicated to understand what your business is able to claim. To ensure the relevant expertise is utilised to help your business with any relevant claims, we have partnered with Counting King, an industry leading firm that specialise in tax incentives and claims. 

Definition: A tax incentive is a government measure that is intended to encourage individuals and businesses to spend money or to save money by reducing the amount of tax that they have to pay.

Understanding Tax reliefs (Incentives)

Tax relief means that you either:

Usually, what you’re entitled to is based on your income for the last tax year (6 April one year to 5 April the next).

Your income includes:

• You pay less tax to take account of money you’ve spent on specific things, like business expenses if you’re self-employed

• You get tax back or get it repaid in another way, like into a personal pension

Tax incentives are the reductions, exemptions or exclusions from money owed to HMRC in taxes. Tax incentives are offered by the government to individuals or businesses to develop, such as investing in expensive items like buildings, vehicles, machinery or equipment.

Tax Incentives Services

Tax Incentives

Individual tax incentives are a prominent form of incentive and include deductions, exemptions, and credits.

Tax Incentives

Individual tax incentives are a prominent form of incentive and include deductions, exemptions, and credits.

Examples

Specific examples include the mortgage interest deduction, individual retirement account, and hybrid tax credit

Examples

Specific examples include the mortgage interest deduction, individual retirement account, and hybrid tax credit

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Let us run through any questions you have about Tax Incentives Services and the services we can help you and your business with.

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Let us run through any questions you have about Tax Incentives Services and the services we can help you and your business with.

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Tax Incentives Services

  • Tax Incentive means any Tax exemptions, Tax holidays, Tax deferrals, Tax incentives, Tax credits (including without limitation Tax refunds and rebates), or other preferential Tax treatments or Tax rebates (including agreements for the deferred payment of any Tax liability) or other formal or informal arrangement with any Governmental Entity or other taxation authority.

To understand Business Tax Incentives and how they could benefit you contact us.

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