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When we think of R&D, we typically think of scientists in white lab coats and in the case of the Pharmaceutical industry, we’ve hit the nail on the head! However, there are thousands of businesses within it, that are still not taking advantage of the UK’s Pharmaceutical R&D Tax Relief.
It’s that time of year again – HMRC have released their yearly R&D Tax Credit report, detailing the breakdown of the most recent years claims!
Businesses all over the UK are missing out on the benefits that claiming R&D Tax Credits could offer their company. This blog covers some of the basics that make a business eligible to make a claim for R&D Tax Relief.
Collaboration is key when working in Research and Development. Become a TBAT Referral Scheme Partner to offer your clients and connections an Innovation Partner who will provide support services to access crucial R&D funding opportunities.
R&D Tax Credits can be a hugely effective way to inject additional finance into a business, and in recent years, there has been a steady increase in the number of businesses claiming them. However, there is still a large proportion not taking advantage of the scheme.
Rail Industry R&D occurs at all levels, from the rail giants building trains and carriages to SMEs within the supply chain. There is also a wide range of ‘hidden’ R&D that is crucial to keeping the UK railways running and generates innovative new hardware, software and systems which are securing the future of the industry as a feasible public transport and freight service.
Innovation is a well-known buzz word. It is used to describe new ‘things’ everywhere; whether it be for technology, apps, software, an approach to business, a workplace or events. Some would accuse the word of being over-used and having lost its meaning. - What does innovation mean to you?
Research and Development in Civil Engineering can often by overlooked and seen as day-to-day business activity – but the sector is full of innovation, often making the work performed eligible for R&D Tax Credits.
Thinking of creating an R&D Funding plan? If your R&D team are not yet back to ‘business as usual’ or a ‘new normal’, we’re here to give a little inspiration for how they could spend the downtime, to positively affect your R&D funding strategy in the future.
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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