{"id":3833,"date":"2023-09-06T11:17:51","date_gmt":"2023-09-06T11:17:51","guid":{"rendered":"https:\/\/magnumaccountancy.com\/?p=3833"},"modified":"2023-09-06T11:17:51","modified_gmt":"2023-09-06T11:17:51","slug":"hmrc-reminds-companies-to-submit-rd-aif","status":"publish","type":"post","link":"https:\/\/magnumaccountancy.com\/hmrc-reminds-companies-to-submit-rd-aif","title":{"rendered":"HMRC reminds companies to submit R&D AIF"},"content":{"rendered":"
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\n <\/span>\n<\/p>\n HMRC is writing to companies and agents that have submitted claims for research and development (R&D) tax relief without an AIF to advise them that their claims are not valid and have therefore been removed from the relevant company tax return. The AIF is required for claims for both SME R&D tax relief and the R&D expenditure credit (RDEC).<\/p>\n The letter advises the recipient that the return can be updated if it is within the deadline to do so (broadly the anniversary of the filing deadline for the return). ICAEW understands that subsequent completion of the AIF, along with a valid company tax return, would lead to the claim being reinstated by HMRC.<\/p>\n The letter also advises the recipient to tick boxes 656 and 657 of the company tax return, where appropriate, to indicate respectively that a claim notification and an AIF have been submitted.\u00a0<\/p>\n
\n Since 8 August 2023, claims for research and development tax relief require completion of an additional information form (AIF). However, almost half of all claims received by HMRC between 8 August and 3 September have not included the form.<\/p>\n