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When it comes to claiming R&D tax relief, many businesses in design-heavy industries often ask the same question: Can we claim for the cost of acquiring designs? While buying existing designs does not qualify for relief, the good news is that further work to modify, develop or improve those designs often does. If your business is undertaking technical design work as part of an innovation project, there may be significant relief available.
From 1 April 2026, all tax advisers, including those involved in R&D tax claims, must be registered with HMRC and meet new minimum standards to act on behalf of clients. This move is part of HMRC’s drive to raise professional standards, reduce fraud, and improve oversight within the tax advisory industry. Learn who will be affected by these changes and what at your business needs to do to stay compliant.
TBAT Innovation has officially joined the Dains Group, one of the UK’s fastest-growing accountancy and advisory firms. This marks a significant step forward in expanding TBAT’s nationwide delivery of R&D tax incentives, grant funding, and innovation consultancy services. Backed by the scale and strength of the Dains Group, TBAT is now even better positioned to help innovative businesses across the UK access the funding and support they need.
A landmark case in the UK accountancy sector: Bennett Verby Ltd becomes the first firm prosecuted under the Criminal Finances Act 2017 for failing to prevent tax evasion — involving over £16 million in alleged R&D Tax Credit Fraud. This article explores the charges, implications, and what it means for businesses and advisors.
TBAT Innovation is proud to announce its official partnership with the Innovate UK No Limits platform, a national initiative designed to support individuals and founders across the UK innovation landscape. The No Limits platform offers a wide range of valuable tools and opportunities, all free to access and designed to help innovators at every stage of their journey.
Amid ongoing economic challenges, the UK’s Invest 2035 strategy offers a bold, long-term vision for national growth. This article explores the UK government’s Invest 2035 industrial strategy and its implications for innovative SMEs. Covering funding access, skills development, global trade opportunities, and policy stability, it outlines how small and medium-sized businesses can position themselves to benefit from the decade-long plan.
Applications are now open for the TBAT Innovation Challenge 2025, an exciting opportunity for UK SMEs, start-ups, and entrepreneurs developing innovative, tech-led solutions. The challenge offers a £10,000 cash prize and access to an £80,000 tailored support package. The Top 10 finalists will pitch live at the Finalist Showcase on 15 October. Apply online before the deadline on 13th August 2025.
Not sure if your work counts for R&D tax relief? You’re not alone. We break down what HMRC means by Qualifying R&D Activities, with clear explanations, practical examples, and tips to help you avoid common mistakes. Whether you’re building something new or solving tricky technical problems, we’ll help you figure out what qualifies and how to make your claim count.
Claiming R&D Tax Relief for subcontracted work can be complex, especially with new rules from April 2024. This article explains what qualifies as subcontracted R&D, who can claim under the updated scheme, and what records you need to support your claim. From contracts and invoices to technical reports and emails, having the right documentation is key to staying compliant and avoiding HMRC enquiries.
Applying for the EIC Accelerator can be a game-changing opportunity for startups and SMEs with breakthrough innovations, but the process is complex and highly competitive. We highlight common mistakes applicants make, such as unclear innovation narratives, weak commercialisation strategies, and poor preparation, and provide practical advice on how to avoid them.
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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