Technical Library

Access a wealth of information with our ‘Tech Bites’

Innovation Tax prides itself on the knowledge, experience and dedication of a team containing technical, IP specialists and tax professionals. 

Our Technical Library contains a wealth of knowledge and learning which we are happy to share with companies looking to benefit from their innovative activities and is where we hope you’ll find the answers to    some of the questions you may have when setting out on your innovation tax incentive claim journey.

Each claim we undertake is compiled robustly in line with the prevailing legislation, in order to maximise the benefit for our clients and is subjected to our comprehensive quality assurance protocols to ensure it passes through the claim process as efficiently as possible.

Can I obtain tax relief on capitalised R&D expenditure?
R&D Qualifying Expenditure
Can I obtain tax relief on capitalised R&D expenditure?
Clients often ask about machinery purchased for use in R&D qualifying projects and whether the costs can be recovered through the R&D tax credit scheme. Unfortunately, ‘capital expenditure’ doesn’t
Can I claim R&D Tax Credits for grant-funded projects?
R&D Schemes
Can I claim R&D Tax Credits for grant-funded projects?
There are two R&D Tax Credit schemes available, the Small and Medium Enterprise (SME) scheme and the Research and Development Expenditure Credit (RDEC) scheme, and the eligibility to claim
The impact of ‘Connected Party’ relationships for R&D Tax Relief
R&D Qualifying Expenditure
The impact of ‘Connected Party’ relationships for R&D Tax Relief
When claiming R&D qualifying expenditure in respect of subcontractors and externally provided workers (EPW’s), special rules apply where there is a connection between the R&D claimant company and the
What do HMRC mean by the term ‘Competent Professional’?
R&D Schemes
What do HMRC mean by the term ‘Competent Professional’?
What do HMRC mean by the term ‘Competent Professional’? In overview terms, HMRC define compliant R&D for tax purposes as; ‘the seeking of an advancement in science or technology
Differentiating between Subcontractors & EPW’s for R&D Tax Relief
R&D Qualifying Expenditure
Differentiating between Subcontractors & EPW’s for R&D Tax Relief
We often come across situations where there is R&D being performed by persons other than those employed by the claimant company conducting qualifying activity. The reasons for this are
Record-keeping requirements for claiming R&D Tax Relief
R&D Schemes
Record-keeping requirements for claiming R&D Tax Relief
Sound record-keeping practices are all very well in an ideal world but, at Innovation Tax, we understand that busy SME’s have more than enough to deal with day-to-day and
Capital Allowances – Structures and Building Allowance (SBA’s)
Capital Allowances
Capital Allowances – Structures and Building Allowance (SBA’s)
Structures and Building Allowance (SBA) was introduced in the 2018 Autumn Budget to provide a straight-line relief on eligible construction costs incurred for new non-residential structures and buildings.  
Which R&D scheme am I entitled to claim under?
R&D Schemes
Which R&D scheme am I entitled to claim under?
Hmmm… two schemes, one far more generous than the other. There’s a catch, right? Not so much a ‘catch. just a few questions that need answering. Firstly, was headcount
Are you optimising your R&D Tax Credit Claim?
R&D Tax Credits
Are you optimising your R&D Tax Credit Claim?
R&D Tax Relief is not simply an opportunity for UK businesses to get funding; it’s an entitlement for any innovative UK business satisfying the definition of R&D for tax
What Reimbursed Expenses qualify for R&D Tax Relief?
R&D Qualifying Expenditure
What Reimbursed Expenses qualify for R&D Tax Relief?
Did you know that HMRC recently relaxed the rules regarding the recovery of expenses incurred by staff in the course of undertaking compliant activity? Pre-existing legislation meant that staffing
What type of ‘consumable items’ qualify for R&D Tax Relief?
R&D Qualifying Expenditure
What type of ‘consumable items’ qualify for R&D Tax Relief?
General The term ‘consumable items’ covers items consumed or transformed whilst undertaking compliant R&D activity, including raw materials, software licenses and utilities of any kind. The fundamental arbiter is

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