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Definitions
created on August 12, 2014
#PatentBox is a generous form of Tax Relief being offered to companies in the UK who want to make tax savings on the profits derived from their patented products. The tax savings extend not only to the patent product, but any product that contains the patented product.
created on August 12, 2014
#RnDCashback is money back from the government to reimburse you for your Research and Development costs. It can come in the form of a reduction of your corporate tax liability, or if you aren't making a profit a cash payment in exchange for your tax loss.