Innovation in Life

Innovation in Life Expert Brokerage | Consulting Clients how to claim the Government’s HMRC Research & Development (R&D) Tax Credits/Refunds

Happy New Year and very best wishes for 2021 from the team at Innovation in Life.
04/01/2021

Happy New Year and very best wishes for 2021 from the team at Innovation in Life.

Have a look at one of our success stories! Could this be you in 2021?Contact us on 020 7052 8323 for a no obligation 15-...
31/12/2020

Have a look at one of our success stories! Could this be you in 2021?

Contact us on 020 7052 8323 for a no obligation 15-minute telephone conversation, so we can highlight areas of qualifying activity and the potential value of your claim.

We look forward to hearing from you!

The team at Innovation In Life would like to wish everyone well over the festive season.Thank you for your support in 20...
22/12/2020

The team at Innovation In Life would like to wish everyone well over the festive season.

Thank you for your support in 2020. Stay safe.

Have a look at one of our success stories!Contact us on 020 7052 8323 for a no obligation 15-minute telephone conversati...
16/12/2020

Have a look at one of our success stories!

Contact us on 020 7052 8323 for a no obligation 15-minute telephone conversation, so we can highlight areas of qualifying activity and the potential value of your claim.

We look forward to hearing from you!

With a difficult year coming to an end, there is no better time to be collecting what is owed to you. Companies that spe...
11/12/2020

With a difficult year coming to an end, there is no better time to be collecting what is owed to you. Companies that spend money developing new products, processes or services; or an appreciable improvement of existing ones, are eligible for Innovation Funding by the HMRC. The scope for identifying R&D is huge – in fact, it exists in every single sector. If you’re making a claim for the first time, you can typically claim R&D tax relief for your last two completed accounting periods. Now is the time to capitalise on this great incentive!

HMRC have increased their resources to demonstrate their commitment to ensuring that your refund is received swiftly during this difficult period. Currently HMRC are settling within 28 days of submission of your claim. With 95% of companies being eligible for this tax relief, Innovation in Life can help you. We are specialists in Innovation Funding.

Contact us today on 020 7052 8323 for a no obligation 15-minute telephone conversation, so we can highlight areas of qualifying activity and the potential value of your claim.

We look forward to hearing from you!

Have a look at one of our success stories!Contact us on 020 7052 8323 for a no obligation 15-minute telephone conversati...
04/12/2020

Have a look at one of our success stories!

Contact us on 020 7052 8323 for a no obligation 15-minute telephone conversation, so we can highlight areas of qualifying activity and the potential value of your claim.

We look forward to hearing from you!

What exactly is Innovation?Innovation is defined in the Oxford Dictionary as “the action or process of innovating” and “...
02/12/2020

What exactly is Innovation?

Innovation is defined in the Oxford Dictionary as “the action or process of innovating” and “a new method, idea, product etc”. If you are spending money and time in your Company developing new products, processes or services, or enhancing existing ones, you are innovating and are eligible for R&D tax relief. Your project may be creating a new process, product or service or improving an existing one. You will probably be trying to solve a problem where no solution is evident. The scope for identifying R&D is huge, it exists in every single sector. If your Company is trying to resolve technological uncertainties, then you are probably carrying out R&D qualifying activity.

The UK is internationally recognised as a leader in research, excellent scientific institutions and innovation in our economy. There is a lot of conversation about innovation and how important it is. Spending money on innovation has far reaching positive change not only in Companies but in wider society, benefiting UK Companies as well promoting economic growth.

Dr Joe Marshall, Chief Executive of the National Centre for Universities and Business (NCUB), said:
“The Chancellor has taken a positive step forward, committing to spending almost £15 billion on research and development (R&D). He has rightly acknowledged that R&D is paramount in the nation’s recovery from Covid-19.

Whilst almost all announcements made today offered funding for one year only, the Chancellor sent an important signal of the importance of steady, long-term funding for research. He made a multiyear commitment for an uplift of more than £400 million on average for UK Research and Innovation per year for the next three years. Further investment in UK research will allow us to build a more resilient, productive and innovative economy.”

Innovation in Life are specialists in Innovation Funding and have extensive experience and expertise in this field and will assist you with the entire claims process.

Call us on 020 7052 8323 for a no obligation 15-minute telephone conversation, so we can highlight areas of qualifying activity and the potential value of your claim.

John-Paul and Joe would like to thank everyone who supported them and helped raise much needed funds for Movember.
01/12/2020

John-Paul and Joe would like to thank everyone who supported them and helped raise much needed funds for Movember.

Whatever you grow will save a bro.John-Paul and Joe are taking part in Movember this year and would really appreciate yo...
26/11/2020

Whatever you grow will save a bro.

John-Paul and Joe are taking part in Movember this year and would really appreciate your support.

https://lnkd.in/dwMF5qM

Join in with us and help to raise funds for this very worthy cause.

How quickly will I receive my Tax refund?2020 has been challenging for many businesses and putting in a claim for a R&D ...
19/11/2020

How quickly will I receive my Tax refund?

2020 has been challenging for many businesses and putting in a claim for a R&D Tax Credits/Refund can be a welcome cash injection to help businesses like yours overcome the devastating affect COVID-19 has had.

HMRC is committed to making sure that your refund is received quickly at this difficult time. They have increased their resources to help with the processing of R&D claims to keep everything running efficiently.

This is good news for businesses, the average claim preparation will take no longer than 4 weeks and HMRC aim to make payment in 28 days, with only 6 to 7 hours of your company’s time needed to complete the claim.

Innovation in Life can help you. We are specialists in Innovation Funding (Research & Development). We have extensive experience and expertise in this field and will assist you with the entire process of claiming the Government’s HMRC Innovation Funding. We will work closely with you to identify the innovation projects that you are carrying out within your Company and the associated qualifying activity.

All that is required is a no obligation 15-minute telephone conversation. Contact us today on 020 7052 8323, we would love to hear from you and work with you to help your Company prepare a claim and receive the invaluable innovation funding available to you.

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