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.

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
Are you optimising your R&D Tax Credit Claim?
R&D Tax Credits
Are you optimising your R&D Tax Credit Claim?
Are you optimising your R&D Tax Credit Claim? R&D Tax Relief is not simply an opportunity for UK businesses to get funding; it’s an entitlement for any innovative UK
What Reimbursed Expenses qualify for R&D Tax Relief?
R&D Qualifying Expenditure
What Reimbursed Expenses qualify for R&D Tax Relief?
What Reimbursed Expenses qualify for R&D Tax Relief? Did you know that HMRC recently relaxed the rules regarding the recovery of expenses incurred by staff in the course of
What type of ‘consumable items’ qualify for R&D Tax Relief?
R&D Qualifying Expenditure
What type of ‘consumable items’ qualify for R&D Tax Relief?
What type of ‘consumable items’ qualify for R&D Tax Relief? What does the term ‘consumable items’ mean when claiming R&D Tax relief? The term ‘consumable items’ covers items consumed

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