With any R&D tax credit claim, you will be required to identify how much time your people have spent on research and development. If you are a first time claimant, you will probably not have this information at your fingertips.
This article looks at what is a reasonable level of record keeping and how it might differ for first time claimants and those who claim annually. It also discusses whether HMRC will expect more from businesses in the future.
If you’ve put off making a claim because you are worried about how time consuming it will be, or that your record keeping is not up to scratch, this article will allay your fears.