The R&D Tax Credits scheme is an HMRC incentive designed to encourage innovation and increase UK‑based research and development activity. It helps businesses reclaim part of their investment in developing new products, processes, and technologies.
If your UK business has invested in innovation through research and development (R&D), you may be eligible to claim R&D tax relief to reduce costs and support your future growth.
At TBAT Innovation, we specialise in guiding businesses through the entire claim process. We ensure your R&D activities, research and development expenditure, and eligible R&D costs are captured accurately while keeping your submission compliant with HMRC guidelines.
Our team of R&D Tax Credit consultants specialise in various fields, including science, engineering, software development, and healthcare, allowing us to understand and capture the technical complexities of your project.
Your claim is reviewed by our in-house accountant, a member of the ICAEW, who ensures every submission meets PCRT principles and professional standards. We bridge the gap between your technical team and accountants, handling the process so you can stay focused on innovation.
Let us help you secure the funding you’re entitled to through R&D tax relief, backed by a fully compliant and robust claim.
Find out how we can help your industry sector access Grant Funding and claim R&D Tax Credits.
Start NowR&D Tax Credits are a Government scheme introduced by HMRC to encourage innovation across all sectors. If your business has created or improved a product, process, or service and faced technical uncertainty along the way, you could qualify for tax relief.
Your project may be eligible if it:
This applies whether your work is in engineering, software, life sciences, manufacturing, energy, AI, or any other innovative field.
Pre April 2023, the various R&D schemes provided relief ranging from 10.5% to 33.3% of eligible costs. The exact benefit depended on factors such as project funding, business profitability, and the specific R&D scheme used.
From April 2023, the range varies between 8.6% to 27%, still influenced by the same variables.
From April 2024 onwards, the introduction of the ERIS and new RDEC schemes brings greater consistency, with relief now falling between 15% and 27%.
✔ Enhanced cash flow: R&D tax credits reduce your corporation tax or provide a cash rebate, boosting cash flow for reinvestment in new projects or resources.
✔ Supports innovation: Help offset the costs of developing new products, processes, or technologies, encouraging continued innovation.
✔ Reduces risk: Reduce the financial risk associated with innovation, allowing your businesses to explore new ideas more confidently.
✔ Increased competitiveness: By investing in R&D, businesses improve their market position, develop unique offerings, and increase their ability to scale.
✔ Free consultation: Our initial assessment helps determine your eligibility and potential benefits.
✔ Detailed project review: We conduct an in-depth analysis of your R&D activities to capture all qualifying activities and R&D costs.
✔ Full claim preparation: We compile and submit a detailed claim to HMRC, ensuring accuracy and compliance. This includes all technical narratives and financial calculations.
✔ Ongoing HMRC support: If HMRC raises any questions, our team handles all communications to provide full support.
For a project to qualify for R&D Tax Credits, it must aim to advance science or technology while resolving scientific or technological uncertainties.
A wide range of research and development expenditure may qualify, depending on your industry. This includes staff costs, consumables, software, subcontractors, and more.
From 1st April 2024, the government introduced a new merged scheme combining aspects of SME and RDEC relief. This simplifies how businesses claim R&D tax incentives and aligns benefit levels more closely.
Our proven process for preparing R&D claims has delivered successful results year after year. We build detailed technical and financial reports that stand up to HMRC scrutiny and reflect the true value of your innovation.
With over 10 years’ experience working on R&D claims, we’ve identified more than £210 million in eligible expenditure and secured over £24 million in tax benefits for our clients.
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 an attendee of HMRC’s Research and Development Communication Forum, keeping us at the forefront of legislation and policy changes. This ensures we are ideally positioned to guide you through both the SME scheme and the newer merged scheme.
Our in-house Accountant, Elaine Williams, is a member of the ICAEW with 20 years of post-qualification experience. Elaine is responsible for reviewing all of the R&D financial claims prepared by TBAT, as well as liaising with accountants to ensure that all R&D claims are accurately reflected in the CT600.
We understand HMRC requirements across a wide range of industry sectors, and our clients return year after year thanks to our accuracy, transparency, and exceptional support.
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Our Knowledge Centre is packed full of the most frequently asked questions about our services.
Read more about our real-life success stories, helping take innovative ideas to fruition.
Find out how we can help your industry sector access Grant Funding and claim R&D Tax Credits.
Since 2019, Denby Potteries has worked with TBAT Innovation to strengthen the value of its R&D tax credit claims while maintaining full compliance with HMRC requirements. This case study explores TBAT's partnership with Denby.
Since 2015, Coltraco Ultrasonics has worked closely with TBAT Innovation's R&D Tax Credit specialists to successfully secure their R&D Tax Credits. This case study highlights how TBAT have supported Coltraco's technological advancements over the last decade.
Since 2019, The European Marine Energy Centre (EMEC) has worked with TBAT Innovation to prepare and optimise their R&D Tax Credit claims.
This R&D project sought to establish a mooring and umbilical front-end engineering design for a first-of-its-kind wave energy converter.
TBAT have successfully supported Datalink Electronics Ltd. with their R&D Tax Credit submissions since 2018. This is a not only a reflection of Datalink’s ongoing work with the electronics industry, but also shows TBAT’s ability to build robust and comprehensive technical reports that have supported each of their claims.
Get in touch with
Ian Davie
T: 01332 819740
E: info@tbat.co.uk
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