Technical Library Archives

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

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. Unfort...

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...

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 betw...

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 s...

R&D Qualifying Expenditure

What’s the difference between Subcontractors & EPWs for R&D 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. ...

R&D Schemes

What are the 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 ...

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-...

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 ...

R&D Claim Optimisation

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&...

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...

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...