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We understand that making your first RD Tax claim can be like navigating uncharted waters. To make the process as easy as possible, here are our 5 top tips for making your first RD Tax Credit claim.
Many technology-based start-up businesses are innovative by their very nature. During the first few years of a running a start-up business, claiming R&D Tax Relief may be far from the top of your priorities. However, making a claim could return a significant amount of much-needed cash to your business.
HMRC statistics indicate that 3,375 companies in the Materials Manufacturing and Fabrications industries made R&D Tax Credit claims worth over £185m for the 2017-2018 financial year. As of 2018, there were over 42,600 companies in the materials and fabrication sector, of which, only 8% applied for R&D Tax Relief.
A common question with a complex answer. When claiming R&D Tax Relief, your business must be performing eligible R&D activity – but what is R&D for tax purposes and what is eligible R&D activity?
Article written by Smith Cooper. Smith Cooper are thrilled to share that they have joined forces with TBAT Innovation. The collaboration will see a new R&D online portal launched.
The R&D Tax Credits available from HMRC could prove an invaluable cash boost to those companies that are eligible to claim. Read more for how HMRC are responding to the COVID-19 pandemic in relation to R&D Tax Credit claims.
Ian Bolland from Med-Tech Innovation News spoke to Sam Stephens from TBAT Innovation about how manufacturers in life sciences can go about filing an R&D tax credit claim during the Coronavirus pandemic.
At TBAT we’re trying to do everything possible to support our network; interpreting the latest government support packages; pushing through R&D tax credit claims to inject short term cash; developing robust business plans, to ensure that when we come through this a business is in the best position possible.
You’ve submitted your R&D Tax Relief claim to HMRC and you know how much ‘credit’ you’re due to receive. Now you’re thinking, “what’s next? How should you re-invest your R&D Tax Credits?”
Only 2.15% of Small and Medium Enterprises (SMEs) in the East Midlands claimed R&D Tax Relief in Financial Years 2016/17 and 2017/18. There should be 1000’s more making a claim!
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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