- HMRC & General Statistics
HMRC R&D Tax Credit Statistics 2020
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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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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