Tax relief and incentives

Many business leaders are simply unaware of the various tax incentives they are eligible for, resulting in missing out on funding that could be vital for their growing business.

That’s where we step in. With our extensive experience, we take care of the process from scoping to application to submission.

Incentives we can support you with

  • R&D Tax Incentives

    Rewarding your investment in innovation. Our Innovative Partners Research & Development tax specialists are skilled in identifying opportunities for tax relief and taking care of your application from start to finish.

  • Capital Allowances

    Many commercial property owners are unaware of their eligibility for capital allowances. Let our trusted team of tax experts help you claim what you’re owed for certain assets used in the business, such as equipment, machinery, and vehicles.

  • Embedded capital allowances

    Embedded Capital Allowances are tax reliefs available on certain fixtures and systems that are permanently part of a commercial property, such as heating systems and lighting.

  • Patent Box

    The Patent Box allows UK companies to apply a lower 10% Corporation Tax to profits from patented inventions. As leaders in innovation and growth funding, we are expertly placed to support you with your Patent Box application.

  • Creative Tax Relief

    Creative Industry Tax Relief offers further Corporation Tax Relief to businesses who undertake certain activities, including the production of movies, animation, video games, television, theatre shows, orchestra shows and exhibitions.

  • Land remediation relief

    Land Remediation Relief (LRR) is a UK tax relief designed to encourage businesses to clean up contaminated or derelict land and bring it back into use. Eligible businesses can deduct 150% of their clean-up costs from taxable profits, or claim a cash credit if making a loss.

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What to expect in the submission process

While the process may differ from business to business depending on your specific needs, the following stages are representative of a standard application for tax relief or tax incentives. Our team are on hand to support the process every step of the way.

Your first call with an Innovative Partners tax expert. We’ll discuss the technical aspects of the claim and gather necessary information from you and your team so we can get started.

1

Second meeting (if required) with an Innovative Partners tax expert and relevant members of your team. We’ll discuss the feedback on the first draft, make necessary adjustments, and ensure all technical aspects are covered.

2

You’ll provide us with all the relevant financial documents needed to support your claim before we can move on to the next stage.

3

For R&D tax incentive claims, you’ll meet with our finance team to ensure we allocate costs and percentages to your claim based on the provided financial documents.

4

At this stage the complete claim report will be sent to you and your team for final review and sign-off.

5

We’ll take care of submitting your claim to HMRC and will keep you updated with progress along the way. In the meantime, we’ll work with you to identify further opportunities for growth funding for your business, ensuring you have our wraparound support.

6

Our holistic approach to supporting your business means full access to our services, networks, advice and more.

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Let’s discuss tax incentive options available to you

With a comprehensive understanding of your business, we’re able to determine the full range of funding opportunities that you could be eligible for.

Our experts are skilled in identifying tax incentive opportunities that help your business grow and thrive. Let’s talk.