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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.
Getting your R&D tax relief claim right is more important than ever with HMRC's new R&D tax pre-notification rules. If your accounting period starts on or after April 1, 2023, you must pre-notify HMRC of your intent to claim. With strict deadlines and mandatory digital submissions, its crucial to understand who needs to notify and what information is required.
The merged R&D scheme (effective for APs beginning on or after 1ST April 2024) has brought about seismic changes to how R&D tax claims are made. Effective for accounting periods beginning on or after 1ST April 2024, the new scheme brings with it new rules, regulations and rates. Explore the key changes and the impacts the merged scheme will have.
In a recent decision, a First-tier Tribunal denied R&D Tax Credit claims totaling £665,000 for Till Plus Ltd, citing issues with payment and the qualification of the work as R&D. Despite correct payments, the activities failed to meet R&D criteria due to inconsistent descriptions, lack of technological advancement, and insufficient evidence. Read the specifics of this case and how HMRC made this decision.
In a big step forward for R&D Tax Credits, HMRC has recently lost a case at the first-tier tribunal against software company Get Onbord Ltd. This decision is a fantastic demonstration of the realities of software development and the use of existing technologies. We have summarised the tribunal case document and highlighted our key takeaways.
Explore who can claim R&D Tax in the UK, what activities qualify, and some of the key criteria. Understanding who can claim and what activities qualify for R&D tax can often be quite complex. We shed some light on these aspects, helping businesses navigate the R&D tax relief landscape with greater confidence.
When a project encounters uncertainty, a company often outsources part of the R&D work to a specialised firm. New rules for contracted-out R&D now require customers to show they 'intended' or 'contemplated' the necessary R&D. Our article explores this concept, and examines examples of what 'contemplated' means.
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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