HMRC
Administers R&D tax relief, the Patent Box and other tax incentives for UK businesses.
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Active schemes
Published & reviewed
Government department
Organisation type
UK
Coverage
Official
Source
Verified provider
Overview
HM Revenue & Customs administers the UK's tax-based business incentives. While not a grant-giver in the traditional sense, HMRC is the single largest source of innovation and capital investment support to UK businesses through statutory reliefs claimed via Corporation Tax and PAYE.
What they fund
- R&D Tax Relief (RDEC and merged scheme)
- Patent Box (reduced 10% rate on profits from patented IP)
- Creative Industries Tax Reliefs (film, TV, video games, theatre, museums)
- Capital Allowances (Full Expensing, Annual Investment Allowance)
- EIS, SEIS and VCT advance assurance for investor relief
- Enterprise Management Incentives (EMI) share schemes
Typical applicant
Any UK-registered company carrying out qualifying R&D, exploiting patented IP, investing in qualifying plant and machinery, raising equity from individual investors, or granting share options to employees.
Funding instruments
Application routes
- Corporation Tax return (CT600) supplementary pages
- Advance Assurance application for SEIS/EIS/VCT
- EMI notification within 92 days of grant
- Statutory claim deadlines vary by relief (typically two years after period end)
Active funding from HMRC
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About the provider
Administers R&D tax relief, the Patent Box and other tax incentives for UK businesses.