Matt Symonds
Director
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.
Over the past weeks we have seen several UK companies releasing inspiring and heartening announcements that they are making every effort to speed up R&D in order to combat COVID-19.
In support of these companies, as a thank you, TBAT would like to offer to undertake their R&D Tax Credit claims for one year for free.
If this applies directly to you and your company, or if you’re a company that needs business support generally, we’d love to hear from you, use the form below to get in touch.
All the best from the team at TBAT Innovation.
Since 2022, HMRC’s Mandatory Random Enquiry Programme (MREP) has been reviewing R&D tax relief claims to reduce error and fraud. While the programme is effective in improving compliance, it has also caused a significant drop in SME claims. This article examines the impact of MREP on SME behaviour, explores why businesses are withdrawing from claiming, and questions whether the programme is supporting innovation or discouraging genuine R&D activity.
We take an in-depth look at the latest R&D Tax Credit Statistics, covering the period ending March 2024, highlighting key updates and trends in the R&D tax relief landscape. It covers changes to the SME and RDEC schemes, the introduction of new requirements such as the Claim Notification process, and developments in HMRC compliance through the Mandatory Random Enquiry Programme.
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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