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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.
The Office for Budget Responsibility (OBR) has published its latest forecast for the UK economy, highlighting key financial concerns and policy challenges. With a public finance deficit of £22 billion and planned National Insurance Contribution (NIC) increases to 15% in April 2025, the government faces significant economic hurdles.
On 15th and 16th May, a team of three cyclists from TBAT will take on an incredible journey across the Scottish Highlands, cycling coast to coast in support of Stand Against MND charity and in memory of our colleague Sam Perkins. Sponsoring this years challenge, is Velorim Group.
We’re excited to share that TBAT Innovation has been selected as a finalist for the Innovation in Service Delivery category at the Medilink Midlands 2025 Business Awards! This award recognises companies and individuals who have created innovative solutions and processes that greatly enhance the quality, efficiency, or accessibility of services.
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.
We're delighted to announce the launch of The 2025 TBAT Innovation Challenge, an initiative aimed at supporting SMEs in their pursuit of innovation and sustainable growth. Developed by our dedicated team and supported by a network of key partners, the nine-month programme will equip businesses with the tools and insights they need to overcome innovation barriers and accelerate development.
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.
For the majority of businesses looking for funding, applying to the European Space Agency (ESA) might not be an obvious course of action and readers may be wondering “How could space assets be part of my R&D project?”
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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