Never miss a deadline with ForrestBrown’s new R&D tax relief deadline tool

As anyone familiar with R&D tax relief will know, the incentive has undergone significant change in recent years – both from a legislative and compliance perspective. The new, merged scheme, introduced for accounting periods beginning on or after 1 April 2024, follows additional procedural requirements including the introduction of claim notification and the Additional Information Form.

While the changes are a welcome step in raising industry standards, both require a forward-looking approach and diarising of key dates. Failure to meet these deadlines may result in losing the opportunity to claim.

With that in mind, ForrestBrown has developed a new R&D tax relief deadline tool to ensure that you never miss a date. Simply navigate to the tool, select your year-end date and four key dates will be returned for you to diarise:

• Claim notification deadline (if applicable)
• Accounts deadline
• Tax return deadline
• Claim submission deadline

If you’re thinking of claiming and the notification deadline is looming, then now is the time to contact an adviser such as ForrestBrown. We can appraise your claim, take on the heavy lifting and begin the process by notifying HMRC of your intention to claim. Once notified, we will look after the rest of the process for you, ensuring that all statutory deadlines are met.

If you’re an existing client, don’t worry, we’ve already got your key dates covered. But if you’re a first-time claimant, or haven’t claimed for several years, we can support you with the new procedural requirements to ensure that your claim goes smoothly.

It’s never been more important to be across your deadline dates, so if you’ve used the calculator as a starting point and need further guidance to inform the claim process, do get in touch to find out how we can support you.