{"id":3776,"date":"2023-08-15T15:01:47","date_gmt":"2023-08-15T15:01:47","guid":{"rendered":"https:\/\/magnumaccountancy.com\/?p=3776"},"modified":"2023-08-15T15:01:47","modified_gmt":"2023-08-15T15:01:47","slug":"hmrc-guidance-on-handling-rd-tax-relief-claims","status":"publish","type":"post","link":"https:\/\/magnumaccountancy.com\/hmrc-guidance-on-handling-rd-tax-relief-claims","title":{"rendered":"HMRC guidance on handling R&D tax relief claims"},"content":{"rendered":"

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\n New guidance in HMRC\u2019s corporate intangibles research and development (CIRD) manual focuses on procedures for companies with customer relationship managers but includes some points of wider interest that would also apply to smaller companies. <\/p>\n

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The new guidance in HMRC\u2019s corporate intangibles research and development (CIRD) manual can be found as an update to CIRD80370<\/a>.\u00a0<\/p>\n

From 8 August 2023, all companies making a claim under the SME scheme or RDEC are required to complete an Additional Information form. This form must be provided before the Company Tax Return is submitted.\u00a0 <\/p>\n

HMRC states that: \u201cThere is no pre-determined expectation of the amount of information required to be provided for any individual project when completing the Additional Information form. What you provide should be sufficient to explain to HMRC why the project qualifies for R&D relief\/RDEC. Where we do have questions about your projects, we can write to you for further information.\u201d <\/p>\n

Where the company has a Customer Compliance Manager (CCM), the two may agree the amount of detail to be included, if this takes account of HMRC\u2019s knowledge of a group\u2019s R&D activities and claim preparation process. <\/p>\n

Helpfully, if a project extends across multiple claim periods, companies can reuse the text box entries from previous Additional Information forms, updated where necessary if the project uncertainties or activities have changed.<\/p>\n

In addition, where a company makes a claim that covers an excess of ten projects, guidance is included as to what might be acceptable disclosure in situations where the top 10 projects by qualifying expenditure is not a fair representation of the R&D done. <\/p>\n

Submitting R&D reports <\/h2>\n

HMRC is keen to stress that companies and agents should continue to submit R&D reports as they often contain additional information such as details of competent professional experience and R&D claim methodology. Good practice includes: <\/p>\n