Can I include intangible assets in a R&D Tax Credit claim?

Business owners often assume that their R&D Tax Credit claims can only include the expenses shown in their P&L account, forgetting to consider the Intangible Asset category on the Balance Sheet. However, development costs that have been capitalised under intangible assets can also be included in your claim, if they fulfil the R&D claim criteria.

By excluding them you could be missing out on claiming the R&D uplift of 130% of the cost!

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TBAT’s Local Business Support during COVID-19

During these uncertain times, it’s important to highlight who local R&D focused and highly innovative businesses can turn to, to receive business support to access the additional funds they need.

Find out how R&D Tax and Grant Funding can add additional revenue.

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Budget 2020

11th March 2020 marked the date of the 2020 Budget announcement. We waited in anticipation to find out if there are any notable changes for the R&D landscape and we were in luck!

So, what are the hot topics?

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Where could you reinvest your R&D Tax Relief?

You’ve submitted your R&D Tax Relief claim to HMRC and you know how much ‘credit’ you’re due to receive. Now you’re thinking, “what’s next? How should you re-invest your R&D Tax Credits?”

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TBAT Coast to Coast Challenge 2020

In June 2020, our TBAT colleagues Richard, Ryan and Steve will be donning their cycling gear and riding Coast to Coast (Whitehaven to Robin Hood’s Bay) on behalf of #TeamAlyssa and CLIC Sargent.

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Is this the end of the Bio-Medical Catalyst?

Since 2012, the Innovate UK Bio-Medical Catalyst competitions have been a staple source of funding for businesses working on innovative healthcare products, technologies and processes, in the Life Sciences sector.

It has now been over a year since the 2019 Round 1 Bio-Medical Catalyst competitions launched, with no sign of another. So, where has the competition gone, and will it be coming back?

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We’re recruiting – join the TBAT team!

TBAT Innovation is looking to expand its team by recruiting specialist Consultants, working to support innovative businesses as they access Grant Funding and R&D Tax Credits.

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Should the East Midlands be claiming more in R&D Tax Relief?

Only 2.15% of Small and Medium Enterprises (SMEs) in the East Midlands claimed R&D Tax Relief in Financial Years 2016/17 and 2017/18. There should be 1000’s more making a claim!

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What is the need for a technical evidence report in an R&D Tax Credit claim?

Almost all the R&D Tax Credit financial claims handled by TBAT Innovation are accompanied by a technical evidence report. But why?

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APC Funding

The Advanced Propulsion Centre (APC) partner with Innovate UK 3 times a year to fund collaborative R&D projects in the Automotive sector. Find out what’s required for a successful APC application.

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R&D Tax Relief for the Construction Industry

HMRC Statistics show that just over 2000 businesses in the Construction Industry claimed in excess of £135 million in R&D Tax Relief in the 2017-18 financial year.

There are more than 330,000 Construction businesses in the UK – meaning those 2000+ businesses that have claimed, equate to only 0.6% of the UK Construction Industry.

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In light of recent updates from the UK Government regarding the COVID-19 outbreak, TBAT have taken the advice given for businesses to ensure employee safety. Therefore, all team members will be working from home, until further notice. We would like to take this opportunity to reassure you that we are operating 'business as usual' while the team are working from home and that we all have the necessary equipment and tools in place to continue delivering services as usual.