Supporting your business



If you’re a business owner looking to better understand tax incentives that apply to you and your business, or to find support from an experienced team, you’re in the right place.

There are a range of tax incentives that businesses can benefit from. From Research and Development (R&D) tax credits to Creative Tax Reliefs, there’s a host of options that can relieve your tax burdens. At BAND, our specialised team have first-hand experience working with and even owning creative, entertainment, or sporting businesses. So, with our in-depth understanding, we will guide you and your business through the process, providing advice and finding the right solutions for you.

What Tax Incentives can we help with?


Enterprise Investment Scheme (EIS)

Offered by HMRC, the EIS incentive helps to promote small business investments in the UK.

By offering tax relief to investors who purchase shares in qualifying companies, it encourages them to invest in start-ups and early-stage companies, despite associated risk.

A number of criteria must be met in order to qualify for EIS tax relief.

Seed Enterprise Investment Scheme (SEIS)

The SEIS incentive encourages equity investments into start-ups by offering shareholders income tax relief of up to 50%, as well as Capital Gains Tax (CGT) deferral.

The goal is to stimulate growth, innovation, and job-creation in small, early-stage companies in the UK.

Eligible businesses must have 25 employees or less and an annual turnover of under £200,000.

These small start-ups may also be eligible for Innovation Tax Relief or R&D Tax Credits to provide further financial support.

The Patent Box

Designed to encourage innovation within the UK, this government initiative provides a reduced rate of corporation tax (10%) on income generated from patented inventions or products which make use of them.

If a company registers for a patent with the Intellectual Property Office (IPO), they can also submit supporting evidence to demonstrate their eligibility for this initiative.

An additional benefit of the Patent Box is that businesses can also apply for other forms of tax relief such as R&D Tax Credits, allowing them to reduce their overall taxation burden by claiming a percentage of expenditure related to research and development activities as a tax-deductible expense.

Research & Development (R&D) Tax Credits

R&D Tax Credits is a tax relief scheme for companies carrying out innovative projects that overcome technical or scientific uncertainty and more creative businesses are entitled to access these than you might appreciate.

The relief allows companies to reduce their tax bills significantly and claim up to 230% in additional R&D Tax Credits.

This applies only to small or medium sized businesses and has two tiers; corporation tax relief at the nominal rate in the claimant period, as well as a payable tax credit on any subsequent losses generated through R&D.

The RDEC scheme, meanwhile, applies to large companies with more than 500 employees who cannot claim under the SME scheme. This offers a payable credit.

Creative Industry Tax Reliefs



Do you own a business in the creative, entertainment, or sports industries? You may be eligible for unique creative taxation reliefs in the UK.

There are several creative industries that are eligible for certain tax reliefs, including Video Games Development, Animation, High-end TV Productions, Film Productions, Theatre Productions, Museum Exhibitions and Orchestral Concerts.

As well as these unique benefits, businesses of all shapes and sizes can benefit from R&D Tax Credits, which provide significant financial support for any research and development activities that take place within a business. This is a great way to make sure your business stays ahead of the curve and is keeping up with industry trends.

Your company can also benefit from Advance Assurance, which helps you understand how your qualifying costs will be treated by HMRC if you were to apply for an R&D claim.

To find out more about what tax incentives your business can benefit from, get in touch today.


Let’s Talk


Tel: 020 8138 5560


111 Charterhouse Street,
London, EC1M 6AW


Julian Davies

Julian Davies

Managing Partner at Redfin

Managing partner and Chartered Accountant with 30+ years of experience in marketing, media, and creative industries. He leads the Redfin team, offering expert advice on growth and profitability. Former owner manager of an agency acquired by a listed group; his industry insights are second to none. Off duty, you might find him on the golf or tennis court, determined to master new tricks.
Shelley Watkin

Shelley Watkin

Client Finance Director at Redfin

A qualified Chartered Accountant with 20+ years of experience in the marketing services sector. During her 5+ years at Redfin, she served as Client Finance Director offering invaluable insights into strategic and commercial matters. Shelley has also assumed the role of Finance Director for various creative agencies, guiding them through successful sales processes. If she gets free time after managing her children’s busy schedules, she likes to chill out doing yoga and gardening.