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In the Spring Statement of March 2025, Chancellor Rachel Reeves announced proposed reforms to the UK's £8 billion research and development (R&D) tax credit scheme. A key proposal is the potential introduction of mandatory advance assurances, requiring companies to confirm the eligibility of their projects for R&D tax credits before submitting claims.
HMRC Fraud Investigation Service (FIS) is a dedicated team within HMRC that scrutinises claims for potential fraud. Facing an investigation by the HMRC Fraud Investigation Service can be daunting, but the key is to stay engaged and provide all necessary information. Explore the steps of an investigation in our latest article.
An overview of HMRC’s updated guidance on subsidised and subcontracted R&D expenditures. We outline key differences between SME and Large Company Schemes and provide a summary on the CIRD81650 and CIRD84250 updates.
Though the New RDEC looks very similar in operation to the old RDEC, there are some significant differences about who can claim under different circumstances and what costs can be included. Our latest article covers sub-contractor costs, the exclusion of foreign subcontractor and EPW costs, who contemplated the R&D and SME self funded projects.
The launch of the new HMRC R&D Disclosure Service enables companies that think they have claimed too much R&D tax relief in prior periods to voluntarily declare this and correct their claim. Explore the reasons your claim could be overstated and how this will impact you.
In April 2023, HMRC introduced a pre-notification process for R&D tax relief claims. What consequences is the limited and strict window for this additional step having on companies with legitimate R&D Tax Claims?
Explore TBAT Innovation's latest insights on HMRC’s R&D statistics, highlighting key trends in R&D tax relief claims, compliance, and the measures introduced to reduce error and fraud. Learn how TBAT’s expertise supports businesses in navigating these changes and ensuring their R&D claims are compliant.
Like many R&D tax credit professionals and accountants, TBAT have conducted a number of compliance checks, supporting both our own claims and those of clients who sought assistance with claims prepared by others. In our latest article, we take you through how TBAT Innovation is managing these compliance checks.
On September 16, 2024, HMRC held the R&D Communication Forum (RDCF), where several updates were shared. In our latest article, we discuss updates regarding the Enhanced Research Intensive Scheme (ERIS), the Additional Information Form, initiatives for raising standards in the R&D market, the Mandatory Random Enquiry Programme, and HMRC operations.
An unsolicited email from an R&D tax credit provider contained numerous misleading claims, underscoring the need for caution when selecting a consultant. This blog breaks down the inaccuracies and advises businesses to avoid R&D Tax agents that sound too good to be true, stressing the importance of reliable, honest guidance for R&D tax claims.
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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