Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

How advisers can help with R&D credit claims

22 July 2019 / Adam Kene
Issue: 4705 / Categories: Comment & Analysis
Just a thought...

Inward investment is fundamental to the innovation cycle and growing numbers of UK companies recognise the potential value of research and development (R&D) tax credits. However the annual application process can easily become a tick box exercise with each application mirroring those of previous years. But did the R&D tax credit adviser visit the business? Was there a discussion of any business changes to ensure key innovations are included in the next submission? What level of specific expertise is offered?

Without care in these areas opportunities may be missed. Just think how much a business changes year on year especially in those companies pushing forward with innovation. Consider also how HMRC continues to reinterpret tax credit legislation with for example the creation of a new team including dedicated technology experts to manage the complexity of claims related to software design.

All these factors mean it is...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

FIVE WAYS TO MAKE ACCOUNTS PRODUCTION AND TAX EASIER.
Download the exclusive Xero
free report here.

New queries
Please email any questions you might have
to: taxation@lexisnexis.co.uk.

back to top icon