Introducing HMRC’s R&D tax credit online service
ForrestBrown participated in a long-running consultation with HMRC to help design this online service. Launched on 11 February 2019, it provides a format for HMRC to gather supporting information for SME R&D tax credit claims that we already provide as standard as part of our end-to-end claims process.
This service is not a substitute for preparing a robust R&D tax credit claim. It should only be completed after you have identified your qualifying R&D project(s), calculated your qualifying costs and the amount of any relief or credit. The new online service summarises the results of this process and provides this information to HMRC in a standardised format.
A full amended CT600 and computation should be completed prior to submitting this new form. For ForrestBrown clients, this is managed as part of our engagement.
HMRC have also made available a similar service for businesses making use of RDEC in June 2019.
If you are unsure about the documentation you need to include or how to submit the information, speak to the experts at ForrestBrown.
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It can be complicated to submit an R&D tax credit claim to HMRC’s exacting standards.
Get in touch with our team of chartered tax advisers, chartered accountants, lawyers, sector specialists, former HMRC inspectors and quality assurance experts to access expert guidance for your claims.