HMRC have updated the Corporate Intangibles Research and Development Manual at CIRD 81910 for the text of the new DSIT (Department for Science, Innovation & Technology) Guidelines, which apply for accounting periods beginning after 31 March 2023.
HMRC have also issued the following documentation:
Tell HMRC that you’re planning to claim Research and Development (R&D) tax relief
“Check when you need to notify HMRC in advance about an R&D Corporation Tax relief claim, the information you will need to provide and how to send it.”
Research and Development (R&D) expenditure credit
“How to claim R&D expenditure credit (RDEC) for Corporation Tax relief on your company’s R&D, if you’re a large company or small and medium-sized enterprise.”
Research and Development (R&D) tax relief for small and medium-sized enterprises
“How to claim Corporation Tax relief for costs on R&D if you’re a small and medium-sized enterprise (SME).”
Advance assurance for Research and Development (R&D) tax relief
“Find out if you can apply for advance assurance and what you need, before you claim R&D Corporation Tax relief for small and medium-sized enterprises (SMEs).”
Claiming Research and Development (R&D) tax reliefs
“Find out if you can claim Corporation Tax relief on your Research and Development (R&D) project.”
Claritax Books will shortly be publishing an updated edition of their book on R&D reliefs, fully updated for all recent developments. See below.
Related content from Claritax Books
The UK’s special tax rules for Research and Development expenditure continue to offer valuable tax relief for companies.
This book explains how the scope of R&D relief is wider than is often imagined, whilst also showing the statutory conditions that must be met for a successful claim.
