HMRC can look after
your Research & Development claim freeing you to run your company
launched a new scheme to help first time small company claimants of Research
& Development (R&D) tax relief.
Assurance links your company
to HMRC specialists to help you understand and comply with the R&D tax
relief conditions. HMRC will allow a claim without further enquiry for your first
3 accounting periods, so you can concentrate on running your company rather
than focussing on your R&D claim. Advance Assurance also gives proof that
your company will get R&D tax relief, which may help secure funding.
You can apply
for Advance Assurance whether your company is planning to carry out R&D, or
has already carried it out. However your company must not have claimed R&D
tax relief before, its annual turnover must be 2 million or less and it must employ
fewer than 50 people.
company is new and doesnt have a turnover figure, it can still apply, as long
as it hasnt claimed R&D tax relief before.