If your business or your client’s business involves working on innovative projects in science and technology, and your projects meet the standard definition of ‘Research and Development’ or R&D, you may be able to claim Corporation Tax relief on these projects.
You can find out about projects that count as R&D at https://www.gov.uk/guidance/corporation-tax-research-and-development-rd-relief
There are some rules in place that you need to be aware of and adhere to in order to make a successful claim for R&D Tax Relief:
- Claim Notification Form requirement. For accounting periods beginning on or after 1 April 2023, you must complete a ‘claim notification form’ to tell HMRC about your claim. When HMRC receive your ‘claim notification form’, HMRC will send an email to confirm receipt and provide a reference number.
If you do not complete a claim notification form your claim will be invalid.
Find more information here.
- Additional Information Form requirement. For new claims made on or after 8 August 2023 you must send HMRC an ‘additional information form’ (AIF) before you file your company’s tax return.
If you don’t send us an ‘additional information form’ before you file your company’s tax return, your claim will be invalid.
Find information and a link to the additional information form at here.
- Comprehensive information on how R&D tax reliefs work can be found in HMRC guidance at Research & Development Tax Relief