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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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Claim R&D Tax Credits with Ease

If your UK business has invested in innovation through research and development, you may be eligible to claim R&D Tax Credits to offset costs and fuel future growth.

At TBAT Innovation, we streamline the R&D Tax Credits claim process to minimise disruption, helping you secure your credits with ease. Our team of consultants brings expertise across science, engineering, software, and healthcare fields, allowing us to fully understand and capture the technical complexities of your project.

Our in-house accountant, a member of the ICAEW, meticulously reviews each financial claim in line with PCRT principles and professional standards, ensuring compliance and accuracy. We bridge the gap between your technical team and accountants, handling the process so you can focus on what you do best. Let us help you submit a robust, successful claim to HMRC and receive the R&D credits you deserve.

Key Benefits of R&D Tax Credits:

Enhanced cash flow: R&D tax credits reduce your corporation tax or provide a cash rebate, boosting cash flow for reinvestment in new projects or resources.

Encourage growth: Help offset the costs of developing new products, processes, or technologies, encouraging continued innovation.

Risk Mitigation: Reduce the financial risk associated with innovation, allowing your businesses to explore new ideas more confidently.

Increased Competitiveness: By investing in R&D, businesses improve their market position, develop unique offerings, and increase their ability to scale.

How can TBAT support you?

Free Consultation: Our initial assessment helps determine your eligibility and potential benefits.

Detailed Project Review: We conduct an in-depth analysis of your R&D activities to capture all qualifying costs

Full Claim Preparation: We compile and submit a detailed claim to HMRC, ensuring accuracy and compliance.

Ongoing HMRC Support: If HMRC raises any questions, our team handles all communications to provide full support.

R&D Eligibility

For a project to qualify for R&D Tax Credits, it must aim to advance science or technology while resolving scientific or technological uncertainties.

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Qualifying expenditure

A wide range of R&D qualifying expenditure can contribute to an R&D Tax Credits claim, with eligible activities varying depending on the industry.

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Merged R&D Scheme

In the 2023 Autumn Statement, the government confirmed that a new, merged R&D tax relief scheme will be introduced for accounting periods starting on or after April 1st 2024.

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Why work with 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 an attendee of HMRC’s Research and Development Communication Forum, meaning 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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Case Studies

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

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Success Stories

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

Ostique

TBAT assisted Ostique with their HMRC Compliance Check by thoroughly reviewing financial and technical documentation, compiling critical evidence to present to HMRC to successfully demonstrate qualifying R&D activities.

R&D Tax Credits
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Peak NDT

TBAT Innovation assisted Peak NDT in securing two Queen's Awards for Enterprise, highlighting Peaks commitment to innovation.

Grant Funding
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Field Doctor

Field Doctor retained TBAT Innovation Ltd to secure an Innovate UK Better Food For All Grant.

Grant Funding
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European Power Systems

European Power Systems were referred by Charnwood Accountants & Business Advisors LLP in 2020 to claim R&D Tax Credits with TBAT Innovation Ltd.

R&D Tax Credits
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Orderly

Orderly retained TBAT Innovation Ltd to secure an Innovate UK SMART Grant, following their successful partnership supporting Orderly’s R&D Tax Credits claims.

Grant Funding
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Further Information

Get in touch with
Ian Davie
T: 01332 819740
E: info@tbat.co.uk