HMRC have published the following new guidance on applying for advance assurance when making a claim for research and development tax relief:
- Apply for targeted advance assurance on up to 2 areas of your Research and Development (R&D) tax relief claim – “Ask HMRC for assurance on particular areas of your Research and Development (R&D) tax relief claim, if you’re a small or medium-sized enterprise (SME).”
- Apply for full claim advance assurance on your first Research and Development (R&D) tax relief claim – “Ask HMRC for assurance on your first Research and Development (R&D) tax relief claim, if you are a small or medium-sized enterprise.”
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 title 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.
