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R&D plays a critical role in driving innovation, fostering economic growth, and improving competitiveness. Recognising the significance of R&D, HMRC provides incentives and credits to encourage businesses to invest in these activities, in the form of the SME and RDEC Schemes.
Innovation lies at the heart of progress and prosperity, and governments worldwide recognise the importance of Research and Development (R&D) activities in driving economic growth. To incentivise companies to invest in R&D, governments offer tax relief through R&D tax credits.
Research and development (R&D) tax credits can provide significant financial benefits for companies engaged in innovative activities. However, determining whether your company is eligible for these tax incentives requires careful evaluation and understanding of the criteria established by HMRC.
Carbon ThreeSixty® has been working with TBAT Innovation to help claim their R&D tax reliefs since April 2019, working with consultants Ian Davie and Chris Stuttle to establish a strong claim for the business.
It is vital that companies understand the implication of changes on the treatment of subcontractor and EPW (Externally Provided Workers) on their R&D claim.
Discover TBAT’s 5-step process for claiming R&D tax credits
TBAT recently attended the July 2022 HMRC Research and Development Communications Forum meeting; in which, many changes to the UK's R&D Tax Credit Schemes were discussed. This article contains the latest information on the upcoming legislation changes and those that are being considered.
The HMRC PAYE Cap is now live for any R&D Tax Credits claims via the SME Scheme, for financial years starting after 1st April 2021.
Understanding how to calculate R&D Tax Credits claims can be a difficult task. Our expert consultants have put together their key steps for a successful R&D Tax Credits claim calculation.
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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