Innovation Tax - Knowledge Bank

Innovation Tax have a wealth of knowledge for you to access on the R&D tax credit scheme, IP & the Patent Box, Capital Allowances and available Grant funding.

Welcome to our Knowledge Bank

At Innovation Tax we have an unmatched understanding of government innovation tax incentives such as the R&D tax credit scheme; the Patent Box and how to create commercial value from your company’s Intellectual Property; maximising your Capital Allowances on commercial assets, and Grant funding opportunities for businesses of all sizes and sectors throughout the UK. This holistic expertise together with our business acumen combine to create tangible value for our clients.

Our Knowledge Bank contains a wealth of information and learning which we are happy to share with companies looking to benefit from their innovative activities and is where we hope you will find the answers to some of the common and not-so-common questions you may have when setting out on your innovation tax incentive claim or grant funding journey.

Innovation Tax prides itself on the knowledge, experience and dedication of a team containing Government Tax Incentive & Grant specialists, Technical experts, Intellectual Property lawyers and Tax professionals. Each client claim or funding application that we undertake is compiled robustly and in line with the prevailing legislation in order to maximise the benefit for our clients and is subjected to our comprehensive quality assurance protocols to ensure it passes through the claim or grant application process as efficiently as possible.

Myths and Misconceptions about claiming R&D Tax Relief
R&D Tax Credits
Myths and Misconceptions about claiming R&D Tax Relief
Myths and Misconceptions about claiming R&D Tax Relief Why do so many companies miss out on significant amounts Government funding through the R&D Tax Credit scheme? At Innovation Tax,
R&D Tax Credits for the Manufacturing Sector
R&D Tax Credits
R&D Tax Credits for the Manufacturing Sector
R&D Tax Credits for the Manufacturing Sector The Manufacturing industry accounts for 25% of all R&D Tax credit claims made In the fast-moving world of smart technology, the ability
Is your R&D Tax Relief claim fully compliant?
R&D Tax Credits
Is your R&D Tax Relief claim fully compliant?
Is your R&D Tax Relief claim fully compliant? The UK Government introduced R&D Tax Relief more 20 years ago to incentivise businesses to invest in innovative activities, since when
Can I obtain tax relief on capitalised R&D expenditure?
R&D Qualifying Expenditure
Can I obtain tax relief on capitalised R&D expenditure?
Can I obtain tax relief on capitalised R&D expenditure? When an innovative company incurs expenditure on capital assets for R&D purposes it is important to understand how R&D tax
Can I claim R&D Tax Credits for grant-funded projects?
R&D Schemes
Can I claim R&D Tax Credits for grant-funded projects?
Can I claim R&D Tax Credits for grant-funded projects? The good news is that R&D Tax Credits/Relief can also be claimed on grant funded projects. It is a common
Claim Patent Box Tax Relief to maximise Innovation Tax Incentives
Patent Box
Claim Patent Box Tax Relief to maximise Innovation Tax Incentives
What is the Patent Box tax relief scheme? There are many tax incentives available to businesses carrying out innovative activities including the Patent Box, which was introduced by the
The impact of Connected Party relationships for R&D Tax Relief
R&D Qualifying Expenditure
The impact of Connected Party relationships for R&D Tax Relief
The impact of ‘Connected Party’ relationships for R&D Tax Relief What are ‘connected-party’ subcontractors or EPW’s under R&D Tax Relief legislation? Whilst there are numerous ways in which a
Intellectual Property Services & Patent Box
Patent Box
Intellectual Property Services & Patent Box
Intellectual Property value creation and the Patent Box At Innovation Tax our comprehensive IP services are delivered in conjunction with one of the UK’s leading Patent Attorney firms to
What do HMRC mean by the term ‘Competent Professional’?
R&D Schemes
What do HMRC mean by the term ‘Competent Professional’?
What do HMRC mean by the term ‘Competent Professional’? What is a competent professional? In overview terms, HMRC define compliant R&D for tax purposes as; ‘the seeking of an advancement
Differentiating Subcontractors from EPW’s for R&D Tax Relief
R&D Qualifying Expenditure
Differentiating Subcontractors from EPW’s for R&D Tax Relief
Differentiating Subcontractors from EPW’s for R&D Tax Relief What is the difference between a Subcontractor and an EPW in relation to an R&D Tax Relief claim? R&D projects often
A Guide to Innovation Tax Incentives and Grant Funding
Grant Funding
A Guide to Innovation Tax Incentives and Grant Funding
A Guide to Innovation Tax Incentives and Grant Funding In this article we cover some of the many funding schemes which businesses looking to grow can take advantage of,
The Research and Development Expenditure Credit (RDEC) scheme
R&D Tax Credits
The Research and Development Expenditure Credit (RDEC) scheme
The Research and Development Expenditure Credit (RDEC) scheme As the RDEC scheme becomes more generous in its benefit rate, we give a short recap on what it is and

HOW CAN WE HELP?

We hope you’ll find the answers to some of the questions you may have when setting out on your claim or funding journey, but if you can’t find what you’re looking for or have a specific challenge you would like to discuss we’ll be happy to help.

Start the conversation with a complimentary, no-obligation consultation