The R&D Tax Credits scheme is an HMRC incentive, designed to inspire innovation and increased spending on R&D activities by companies operating in the UK.
Find out how we can help your industry sector access Grant Funding and claim R&D Tax Credits.Start Now
If you are a UK business that has invested in innovation and completed research and development, you could be eligible to claim R&D Tax Credits.
Our aim is to simplify the R&D Tax Credits claim process with minimal disruption to your business. We have Consultants with expertise in a wide variety of science, engineering, software and healthcare disciplines and therefore, fully understand the science and technology your project is centred around.
We do the work so you can receive the credit, ‘bridging the technical expertise gap’ between you the Client and your Accountant in order to submit a robust, successful and maximised claim to HMRC. Contact us here.
You are eligible for the R&D Tax Credits SME scheme if you have less than 500 employees in your company and/or group and less than £100m turnover.
You are eligible for the R&D Tax Credits RDEC scheme (formally Large Company Scheme) if you have over 500 employees in your company or group or more than £100m turnover.
Further to the scheme eligibility criteria regarding the size of your business and turnover, there are some basic eligibility criteria that your business must meet. These include:
Further to this, your Research and Development must meet the following standard from HMRC:
“Eligible R&D is considered as activities that seek to:
To read more about eligible R&D activities, please click here.
HMRC have set out parameters of what project costs are eligible to be claimed. These costs include:
To learn more about the eligible expenditure for your R&D projects, please click here.
Our tried and tested process of claiming R&D Tax Credits for our clients has proven successful; building robust and comprehensive technical and financial reports that support claims against HMRC scrutiny.
TBAT’s Senior R&D Tax Consultant Ian Davie, is part of the HMRC R&D Consultative Committee. This means that we’re always up to date on legislation and guidance changes and are expertly placed to handle your claim.
We have been working on R&D Tax Credits claims for over 7 years and have identified over £210 million in eligible R&D spend and brought £24 million in tax benefit to our clients, boosting their ability to stay ahead in a globally competitive market.
We have a great understanding of HMRC requirements and have successfully claimed from a range of industry sectors. Our clients’ satisfaction is paramount, with all of them receiving their benefit from HMRC. As a result, many return year on year.
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Find out how we can help your industry sector access Grant Funding and claim R&D Tax Credits.
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Partner Referral Scheme
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R&D Tax Credits
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Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.Get In Touch