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.

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
R&D Tax Relief for innovative companies
R&D Tax Credits
R&D Tax Relief for innovative companies
R&D Tax Relief for innovative companies Innovation Tax help innovative companies of all sizes and across all sectors receive the full R&D Tax Relief they are entitled to Research
Learn More About Capital Allowances Tax Relief
Capital Allowances
Learn More About Capital Allowances Tax Relief
Learn More About Capital Allowances Tax Relief What are Capital Allowances? Capital Allowances is the main form of tax relief for expenditure incurred on tangible fixed asset investments and
Understanding the importance of R&D Tax Claims and Grant Funding
R&D Tax Credits
Understanding the importance of R&D Tax Claims and Grant Funding
Understanding the importance of R&D Tax Claims and Grant Funding Technology is evolving daily, leveraged by businesses to secure competitive advantage and well-positioned to upgrade the lives of the
Learn more about Patent Box Tax Relief
Patent Box
Learn more about Patent Box Tax Relief
Learn more about Patent Box Tax Relief What is the Patent Box Tax Relief scheme? Patent Box is a part of the Government’s growth agenda, which is associated with
Need quick professional help in claiming Capital Allowances Tax Relief?
Capital Allowances
Need quick professional help in claiming Capital Allowances Tax Relief?
What is Capital Allowances Tax Relief?  Capital Allowances Tax Relief is available on assets acquired for use by your business such as buildings, machinery and specific ancillary equipment. The
Record keeping requirements for claiming R&D Tax Relief
R&D Schemes
Record keeping requirements for claiming R&D Tax Relief
Record keeping requirements for claiming R&D Tax Relief The good news is there are no formal record-keeping requirements when claiming R&D Tax Credits. HMRC acknowledge that all businesses operate
Capital Allowances – Structures and Building Allowance (SBA’s)
Capital Allowances
Capital Allowances – Structures and Building Allowance (SBA’s)
Capital Allowances Structures and Building Allowance (SBA’s) What are Structures and Building Allowances (SBA’s)? The objective of this relief is part of a long-term commitment to encourage capital investment
Which R&D scheme am I entitled to claim under?
R&D Schemes
Which R&D scheme am I entitled to claim under?
Which R&D scheme am I entitled to claim under? Hmmm… two schemes, one far more generous than the other. There’s a catch, right? Not so much a ‘catch. just

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