- 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...
Read MoreThe 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...
Read MoreR&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...
Read MorePatent 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...
Read MoreCapital 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...
Read MoreCheck 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 ...
Read MoreThe Food & Beverage industry is the UK’s largest manufacturing sector (larger than Automotive and Aerospace combined), contributing £31.1bn to the annual economy a...
Read MoreWith 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...
Read MoreSoftware 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...
Read MoreThe UK engineering sector is awash with innovative activity, with companies constantly investing in ground-breaking methodologies to overcome a wide range of...
Read MoreThe agricultural and horticultural sectors are continuously evolving, with many companies striving to increase efficiency, reduce wastage and improve new and...
Read MoreAs 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...
Read MoreThe 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...
Read MoreAt 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...
Read MoreInnovation Tax will be sponsoring the World Food Innovation Awards, designed to recognise and celebrate excellence and innovation of concept across every category of t...
Read MoreIn the fast-moving world of smart technology, the ability to innovate and adapt to customer requirements is an essential weapon in the manufacturers’ armoury...
Read MoreThe 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...
Read MoreIt 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...
Read MoreThere 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...
Read MoreAt Innovation Tax, we have developed a comprehensive range of intellectual property services to help our clients invent, protect and commercialise their ideas. Inve...
Read MoreWith 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...
Read MoreInnovation 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...
Read MoreThere are many funding and grant schemes available which allow businesses to accelerate new ideas through product development and provide a cashflow injection to suppo...
Read MoreAt 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...
Read MoreResearch and Development Tax Relief is a great way of incentivising companies who are making investments on new or improved product development, process improvement, s...
Read MoreCapital Allowances Tax Relief provides an important and valuable benefit for businesses and individuals making capital investments. What are Capital Allowances? Cap...
Read MoreTechnology is evolving daily, leveraged by businesses to secure competitive advantage and well-positioned to upgrade the lives of the global family. Research and Devel...
Read MorePatent 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. ...
Read MoreThe 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...
Read MoreCapital Allowances are a deduction made against taxable profits for items of capital investment, the most common methods being Annual Investment Allowances, Main and S...
Read MoreThe 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...
Read MoreCapital Allowances Tax Relief is available on assets acquired for use by your business such as buildings, machinery and specific ancillary equipment. The legislation a...
Read MoreAt 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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