R&D Tax Relief
Driving Innovation
Supporting Innovation and Business Growth
Since 2000, the government has supported businesses investing in innovation through Research & Development (R&D) tax relief. This forward-looking tax incentive encourages investment in activities that can potentially lead to future improvements. R&D tax relief can significantly impact your business growth, providing financial support to turn ideas into commercial success.
The R&D tax relief scheme aims to enhance the UK’s competitive advantage by applying new or improved knowledge and capabilities in science and technology to commercial endeavours. The focus is on funding projects that seek growth in scientific or technological know-how rather than commercial outcomes. Projects can qualify for tax relief even if they fail, as success is not a requirement.
According to HMRC there was an estimated 11% increase in R&D relief in the tax year 2021-22 in comparison to the previous tax year.
Our Expertise
How R&D Tax Relief Supports Your Work
InnoFund’s team of PhD’s, IP specialists and innovation enthusiasts can help you reinvest funds to further innovate or develop projects in a tax efficient way.
InnoFund understands all stages of the IP and R&D lifecycle, clients that partner with InnoFund get the added value of being able identify, crystalise and exploit their IP with benefits that go beyond a normal R&D Tax advisor relationship.
Cash received from R&D can be reinvested into:
-
Further development projects
-
Hiring more staff
-
Training
-
Capital Equipment
-
Expanding your premises
Comparison Table
R&D TAX RELIEF RATES
Our Expertise
We identify commonly overlooked opportunities
R&D Tax Credits
HMRC dispute resolution & Tax compliance
IP Search & Patent Box
Property Taxes benefits.
Our Expertise
Compliance & Dispute Resolution
-
Supervised by ICAEW for AML purposes
-
PII inline with ICAEW regulations
-
Bound by ICAEW Code of Ethics
-
Work to Professional conduct in relation to taxation (PCRT)
-
Accredited mediator (CEDR) for Tax disputes
