R&D Tax Relief is a valuable government tax initiative set up in 2000 to reward UK companies that spend time and money on research and development in to order to develop new products, processes, materials, devices or services; or enhancing existing ones within their industry sector.

Research and development allowances (RDAs) are available on certain capital expenditure. RDAs can be utlised at 100%.

A balancing charge will occur at the point the asset is sold or demolished, but not if the asset ceases to be part of the research and development activity in subsequent years.

A capital allowance is the sum of money a UK business can deduct from the overall corporate or income tax on its profits. These sums derive from certain purchases or investments, outlined in the Capital Allowances Act 2001. 

If a survey has not been completed by a capital allowance surveyor, we can help identify the hidden tax benefit held within your commercial property.

“We are very pleased with the results of our HMRC Claim. We had no idea that such a lot of extra money was available, but the tax specialists identified it for us and they will be helping us again in other areas as the business grows.”
 

Dave, East Yorkshire

“Innovation Relief recognised that my company could qualify for a Research and Development claim and their tax experts ensured we received the maximum financial benefit. In fact, I was surprised that we were entitled to such a considerable sum which we have now been paid. The process was fully supported, simple and risk free. I would recommend Innovation Relief to any business as there may be a lot of money, they are entitled to that they know nothing about”
 

Eric, Director. Surrey.

“We were extremely impressed with the high degree of professionalism, specialist technical knowledge and the quick turnaround for making the application. The team at Innovation Relief Specialists are a highly recommended and trusted partner”

Mubarak, Lancs.