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Despite new requirements for research and development (R&D) claims being in force for a month, almost half of claims made since then have omitted the necessary information. How can you avoid missing out?

R&D tax relief allows companies to claim corporation tax relief for expenditure relating to qualifying projects. Since 8 August 2023, an additional information form has been required to be completed by claimants (or their authorised agent). HMRC says that almost half of the claims it has received since that date have been submitted without the form. The form includes key information, such as the details of the qualifying expenditure and project details. Without it, the claim will not be processed, which could be particularly inconvenient if you are waiting for a payable credit. HMRC states that if the form is submitted, a claim will be reinstated as long as it is within the time limit for the claim (usually the anniversary of the filing deadline for the return).

This article has been reproduced by kind permission of Indicator – FL Memo Ltd. For details of their tax-saving products please visit or call 01233 653500.

8th Sep 2023 12:44


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