Insight
Here you’ll find the latest updates on what’s happening in the world of innovative tax incentives, including changes in the underlying legislation, up-to-date statistics from HMRC and opportunities for acquiring funding. If you represent clients who you believe may be engaged in innovative activities but who have yet to take advantage of the benefits available, our ‘Partnership Programme’ is likely to be of interest for all parties.
Food and drink case study
  • Case Studies

Which Food & Beverage activities qualify for R&D Tax Credits?

The Food & Beverage industry is the UK’s largest manufacturing sector (larger than Automotive and Aerospace combined), contributing £31.1bn to the annual economy a...

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Construction
  • Case Studies

Which Construction activities qualify for R&D Tax Credits?

With over 325,000 registered firms operating within the sector, the construction industry generates around £120bn, or 6% of GDP, to the UK economy according to House o...

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  • Case Studies

Which software development activities qualify for R&D Tax Credits?

Software technology is advancing at an ever-increasing rate as the need for people, businesses and – ultimately - data to be connected to each other becomes more imper...

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services R&D
  • Case Studies

How do R&D Tax Credits impact the Engineering sector?

  The UK engineering sector is awash with innovative activity, with companies constantly investing in ground-breaking methodologies to overcome a wide range of...

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Agriculture image
  • Case Studies

How can R&D Tax Credits help the Agricultural sector?

  The agricultural and horticultural sectors are continuously evolving, with many companies striving to increase efficiency, reduce wastage and improve new and...

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  • Innovation Funding

2020 Budget analysis

As expected, much of the budget focused on measures to contain and reduce the number of people affected by Coronavirus (Covid-19). This has led the Government to quick...

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2020 Budget Headlines
  • Innovation Funding

Budget 2020

The newly appointed Chancellor, Rishi Sunak, delivered the 2020 Budget this afternoon in the House of Commons, splitting this into two areas; the first focused on supp...

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Myths and misconceptions about claiming R&D Tax Relief
  • Research and Development

Myths and Misconceptions about claiming R&D Tax Relief

At Innovation Tax, we regularly ask new clients for any specific reasons why they have not assessed their eligibility to make R&D Tax Relief claims prior to meetin...

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  • Innovation Funding

World Food Innovation Awards 2020

Innovation Tax will be sponsoring the World Food Innovation Awards, designed to recognise and celebrate excellence and innovation of concept across every category of t...

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  • Research and Development

R & D in Manufacturing

  In the fast-moving world of smart technology, the ability to innovate and adapt to customer requirements is an essential weapon in the manufacturers’ armoury...

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  • Research and Development

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 over 300,000 claims have bee...

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  • Capital Allowances

ECA to end for energy and water efficient plant and machinery

It was announced in the 2018 budget that Enhanced Capital Allowances (ECA's) and First Year Tax Credits (FYTC's) will end in April 2020 for products on the energy tech...

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  • Patent Box

Claim Patent Box Tax Relief to maximise Innovation Tax Incentives

There are many tax incentives available to businesses carrying out innovative activities including Patent Box, introduced by the UK Government in April 2013 to allow c...

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  • Patent Box

Intellectual Property Services & Patent Box

At Innovation Tax, we have developed a comprehensive range of intellectual property services to help our clients invent, protect and commercialise their ideas. Inve...

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  • Research and Development

Increase in the RDEC rate to 13%

With the upcoming budget around the corner, we take a look at the proposed changes by the Conservative Party on Innovation Tax Incentives. Firstly, in the manifesto...

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  • Innovation Funding

Innovation Tax Incentives and Grant Funding

Innovation Tax incentives are a great initiative for rewarding innovation and, for those looking to grow their businesses, a timely cash injection is always very welco...

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  • Research and Development

R&D Tax Relief supporting spend by UK businesses on innovation

There are many funding and grant schemes available which allow businesses to accelerate new ideas through product development and provide a cashflow injection to suppo...

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  • Research and Development

Learn More About The Research and Development Expenditure Credit scheme

 At a time when the UK Government is trying to drive internal investment within the UK, Research and Development (R&D) and Innovation remains a key part of their s...

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  • Research and Development

R&D Tax Relief for Innovation

Research and Development Tax Relief is a great way of incentivising companies who are making investments on new or improved product development, process improvement, s...

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  • Capital Allowances

Learn More About Capital Allowances Tax Relief

Capital Allowances Tax Relief provides an important and valuable benefit for businesses and individuals making capital investments. What are Capital Allowances? Cap...

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  • Research and Development

Understanding the importance of R&D Tax Claims and R&D Funding

Technology is evolving daily, leveraged by businesses to secure competitive advantage and well-positioned to upgrade the lives of the global family. Research and Devel...

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  • Patent Box

Learn more about Patent Box Relief

Patent Box is a part of the Government’s growth agenda, which is associated with the financial incentive to develop and commercialise innovative technology in the UK. ...

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  • HMRC & General Statistics

HMRC Patent Box Statistics 2019

The UK Patent Box enables companies to apply a lower rate of Corporation Tax to profits earned from qualifying patented inventions. The lower rate of Corporation Tax u...

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  • HMRC & General Statistics

HMRC Capital Allowance Statistics 2019

Capital Allowances are a deduction made against taxable profits for items of capital investment, the most common methods being Annual Investment Allowances, Main and S...

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  • HMRC & General Statistics

HMRC R&D Tax Credit Statistics 2019

The R&D Tax Credit scheme provides businesses with a valuable cash injection for innovation. Each year HMRC releases the latest statistics for the latest period as...

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  • Capital Allowances

Need quick professional help in claiming 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 legislation a...

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  • Partnerships

Your ideal ‘Partner of Choice’ for Innovation Tax Incentives

At Innovation Tax, professional relationships are the core of our business. We work with a number of Accountancy Practices as their preferred suppliers for R&D ...

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