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HMRC has launched two open consultations as of March 2025 that could significantly impact tax advisers and businesses claiming R&D tax relief. One aims to strengthen enforcement against non-compliant tax advisers, while the other looks to improve the underused Advance Assurance scheme for R&D tax relief. These developments follow last year's broader "Raising Standards" consultation, which is still in progress.
Thinking about claiming tax relief for your video game project? If you're developing games in the UK, it’s important to understand the two available support schemes, Video Game Tax Relief (VGTR) and the newer Video Games Expenditure Credit (VGEC). Each comes with its own rules, benefits, and eligibility criteria, and the choice between them can have a real impact on your claim.
As HMRC continues to reform the R&D tax relief system, a key new requirement is catching many businesses by surprise: the Claim Notification Form. This form is now mandatory in certain cases before a company can submit an R&D tax claim, and missing the deadline can mean losing out on valuable tax relief altogether. For accountants, staying ahead of this change is essential.
The Department for Science, Innovation and Technology (DSIT) has confirmed that UK Research and Innovation (UKRI) is set to receive a substantial budget of £8.8 billion for the 2025–2026 financial year. Explore the changes, and what the 2025-2026 UKRI budget means for the future of UK Research and Innovation.
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.
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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