Are you submitting an R&D Tax Relief claim to HMRC?
From 1st August 2023, HMRC are requiring that R&D Tax Relief submissions will need to be accompanied by an ‘additional information form’ containing detailed information about your projects. Don’t worry as we take care of this paperwork for you, but we are anticipating that HMRC will incur significant delays in processing claims, therefore we advise you submit your claim this month to avoid delays to your benefit.
If you’re curious to know what HMRC are expecting to see in the form, you can find out what you need to prepare here.
If you have any questions about these requirements, reach out to a member of our team at rrabess@rck.partners.
Find out who can claim capital allowances in the UK, and which assets and property types qualify.
A step-by-step guide to making a capital allowance claim in the UK.
A Times-featured study, commissioned by RCK Partners and conducted by Censuswide, suggests that recent reforms to the UK's R&D tax relief scheme may have gone too far. The research found that measures introduced by HMRC to tackle abuse of the scheme are having unintended consequences for genuine innovators, with many businesses reporting that they have cancelled research initiatives, paused investment plans and reduced skilled headcount as a result of increased uncertainty surrounding the regime.
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