- News and Insights
Spring Budget 2021
The Chancellor of the Exchequer, Rishi Sunak unveiled the contents of the 2021 Budget on Wednesday 3rd March, with its primary aim to set out the Government’s tax...
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The Chancellor of the Exchequer, Rishi Sunak unveiled the contents of the 2021 Budget on Wednesday 3rd March, with its primary aim to set out the Government’s tax...
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R&D Tax Credits form a key part of Government strategy to boost innovation and is a highly rewarding scheme which allows UK companies to reduce their Corporation T...
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Patent Box aims to create a competitive tax environment for companies to develop and exploit patents, supporting business investment and growth to retain the best tech...
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Capital Allowances is the main form of tax relief for expenditure incurred on tangible fixed asset investments and enables companies and individuals to offset these co...
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Check out our latest article on page six of the BBP Media Midlands edition, highlighting the importance of businesses assessing their eligibility to claim R&D Tax ...
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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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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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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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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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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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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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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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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 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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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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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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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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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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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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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 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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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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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 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 Tax Relief provides an important and valuable benefit for businesses and individuals making capital investments. What are Capital Allowances? Cap...
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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 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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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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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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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 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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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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