Innovation incentives & capital allowances

The UK tax code includes valuable incentives to encourage investment in innovation activities and capital expenditure.

We assist our clients in making technically robust claims to research & development tax credits and analysing clients’ intellectual property to produce patent box claims which results in an effective tax rate of 10% on patent box profits.

The UK has a generous capital allowances regime which can materially impact the after-tax costs of capital expenditure.  We undertake reviews of clients’ capital expenditure projects to assist them in making compliant claims to capital allowances.