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R&D Tax Credits

The R&D Tax Credits scheme is an HMRC incentive, designed to inspire innovation and increased spending on R&D activities by companies operating in the UK.

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Claiming R&D Tax Credits

If you are a UK business that has invested in innovation and completed research and development, you could be eligible to claim R&D Tax Credits.

Our aim is to simplify the R&D Tax Credits claim process with minimal disruption to your business. We have Consultants with expertise in a wide variety of science, engineering, software and healthcare disciplines and therefore, fully understand the science and technology your project is centred around. Additionally, our in-house accountant is a member of the ICAEW and reviews all R&D financial claims following PCRT principles and standards of behaviour.

We do the work so you can receive the credit, ‘bridging the technical expertise gap’ between you the Client and your Accountant in order to submit a robust, successful and maximised claim to HMRC.

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R&D Tax Credits Schemes

SME Scheme

You are eligible for the R&D Tax Credits SME scheme if you have less than 500 employees in your company and/or group and less than £100m turnover.

  • A 130% uplift is applied to your R&D costs leading to a tax reduction of £24.70 for each £100 spent on R&D if you make a profit
  • Loss making? you could receive a cash payment of £33 for each £100 of R&D expenditure
  • Claims can go back two full years resulting in a repayment of corporation tax already paid

RDEC Scheme

You are eligible for the R&D Tax Credits RDEC scheme (formally Large Company Scheme) if you have over 500 employees in your company or group or more than £100m turnover.

  • No minimum R&D Spend
  • No upper limit on claims
  • From April 2020, Above the Line Credit, is mandatory with a benefit of £10.50 per £100 on R&D
  • Repayable credit now possible for large companies
  • Can still access the 30% uplift scheme for previous tax years

Am I eligible for R&D Tax Credits?

Eligibility Criteria

Further to the scheme eligibility criteria regarding the size of your business and turnover, there are some basic eligibility criteria that your business must meet. These include:

  • UK Registered, Limited Business
  • Must be performing Research and Development (R&D)
  • Must have spent money on this R&D

Further to this, your Research and Development must meet the following standard from HMRC:

“Eligible R&D is considered as activities that seek to:

  • Achieve an advance in overall knowledge or capability in the field of science or technology, and;
  • Resolve scientific or technical uncertainty.”

To read more about eligible R&D activities, please click here.

Eligible Expenditure

HMRC have set out parameters of what project costs are eligible to be claimed. These costs include:

  • Staff costs – salaries, employer’s NIC and pension contributions and reimbursed business expenses.
  • Materials and utilities that are used or transformed in the R&D process.
  • Software costs.
  • Subcontract costs (these are generally ineligible under RDEC Scheme).
  • Externally Provided Workers (EPWs).

To learn more about the eligible expenditure for your R&D projects, please click here.

Find out more

View our R&D Tax Credits brochure for more information.

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Why TBAT?

Our tried and tested process of claiming R&D Tax Credits for our clients has proven successful; building robust and comprehensive technical and financial reports that support claims against HMRC scrutiny.

We have been working on R&D Tax Credits claims for over 10 years and have identified over £210 million in eligible R&D spend and brought £24 million in tax benefit to our clients, boosting their ability to stay ahead in a globally competitive market.

TBAT’s Senior R&D Tax Consultant, Ian Davie, is a member of HMRC’s Research and Development Communication Forum. This means that we’re always up to date on legislation and guidance changes and are expertly placed to handle your claim.

Our in-house Accountant, Elaine Williams, is a member of the ICAEW with 20 years of post qualification experience and is responsible for reviewing all of the R&D financial claims prepared by TBAT, as well as liaising with accountants to ensure that R&D claims are entered correctly onto the CT600 tax returns.

We have a great understanding of HMRC requirements and have successfully claimed from a range of industry sectors. Our clients’ satisfaction is paramount, with all of them receiving their benefit from HMRC. As a result, many return year on year.

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Knowledge Centre

Our Knowledge Centre is packed full of the most frequently asked questions about our services.

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Case Studies

Read more about our real-life success stories, helping take innovative ideas to fruition.

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Online R&D Tax Credits Portal

Get started on your own R&D Tax Credits claim by registering on our online claims portal.

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Success Stories

Find out how we can help your industry sector access Grant Funding and claim R&D Tax Credits.

WhatBox Consulting

WhatBox Consulting Ltd first reached out to TBAT Innovation Ltd to discuss R&D Tax Credits for their development project and becoming a Referral Partner.

Partner Referral Scheme
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HMRC Enquiry Support

TBAT assisted a company with their incorrect R&D Tax Credit Accountant prepared claim and to resolve an HMRC enquiry.

R&D Tax Credits
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Anzen Technology Systems

Anzen Technology Systems met TBAT in 2019 to discuss applying for an Innovate UK SMART Grant.

Grant Funding
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Enotrac UK Limited

ENOTRAC UK Limited connected with TBAT Innovation at a Railway Industry Association networking event in 2019.

R&D Tax Credits
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Charnwood Accountants & Business Advisors

After meeting at Accountex in 2019, Charnwood Accountants joined TBAT’s Partner Referral Scheme to support their clients claim R&D Tax Credits.

Partner Referral Scheme
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An independent consultancy, highly skilled and experienced

Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.

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