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On January 31, 2024, the National Audit Office published a report assessing Tax Reliefs aimed at stimulating economic growth. In our latest blog we address the scrutiny surrounding R&D tax relief, particularly focusing on the criticism aimed at the handling of the SME Scheme by HMRC.
Explore where good projects often fail in R&D Tax Claims in the UK and how partnering with TBAT Innovation can provide the expertise needed to navigate these challenges successfully.
The journey to claim R&D tax credits is a promising endeavour for many businesses in the UK. However, the path to securing these credits is not always smooth, and one hurdle businesses may encounter is a compliance check from HMRC.
In the spotlight this month is the team at Smallfry, an industrial design consultancy with over 50 years’ of expertise specialising in turning good ideas into great product design.
Take a look at our monthly Grant Funding update, highlighting some of the key funding calls available, supporting research, development and innovation.
Unlock R&D tax incentives for your Small and Medium-sized Enterprise (SME) in the UK through the Research and Development Expenditure Credit (RDEC) Scheme. While traditionally tailored for larger companies, specific scenarios allow SMEs to benefit, especially with TBAT Innovation's expert guidance.
R&D Tax Credits in the UK serve as a vital mechanism to support innovation and drive growth for businesses. One common question often asked relates to the eligibility of including intangible assets in a UK R&D Tax Credit claim.
Take a look at our monthly Grant Funding update, highlighting some of the key funding calls available, supporting research, development and innovation.
From April 2024, the plan is to merge the SME and RDEC schemes into a unified RDEC-style scheme, maintaining similar rates to the current RDEC Scheme. While this announcement was made during the Autumn Statement, perhaps less clear was that the second scheme for Research Intensive companies means that RI SMEs can apply for RDEC as well as SME RI Scheme.
In the dynamic landscape of R&D tax relief schemes, a pivotal change has quietly disrupted the routine of many R&D claim providers—the introduction of the Additional Information Form (AIF).
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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