News and Insights

A one-stop shop for the latest legislation-related updates

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.

Budget 2020
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 support to combat
Myths and Misconceptions about claiming R&D Tax Relief
R&D Tax Credits
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 meeting with
World Food Innovation Awards 2020
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 the global food industry at HRC
R & D in Manufacturing
R&D Tax Credits
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, hence flexibility has never
Is your R&D Tax Relief claim fully compliant?
R&D Tax Credits
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 been made and over
ECA to end for energy and water efficient plant and machinery
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 technology
Claim Patent Box Tax Relief to maximise Innovation Tax Incentives
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 companies to reduce their
Intellectual Property Services & Patent Box
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. Invention phase We work with our
Increase in the RDEC rate to 13%
R&D Tax Credits
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 leading up
Innovation Tax Incentives and Grant Funding
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 welcome. There are many
R&D Tax Relief supporting spend by UK businesses on innovation
R&D Tax Credits
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 support business growth. Research and
Learn More About The Research and Development Expenditure Credit scheme
R&D Tax Credits
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 strategy

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