Tech start-ups risk missing tax break

17.08.2012

KPMG reckons firms with relevant intellectual property profits of £100,000 per year could potentially make a tax saving of around £6,000 to £12,000. If their relevant profits are £250,000 or more, annual savings are "upwards of £30,000".

To cope with another new tax regime, to replace its legacy payroll system, to enable it to be compliant with the HM Revenue & Customs (HMRC) real-time information (RTI) system for reporting pay, tax, National Insurance and other details.