Our genuinely national R&D team of over 30 full time professionals have unparalleled experience of dealing with R&D claims across all industries and are uniquely placed to help you. You managed to file your claims for periods ending on or before 31 March 2006 before the deadline of 31 March 2008 but what happens now? After all that hard work on your claims they still need to be agreed with HMRC and if you only made provisional claims they will need to be finalised over the next few months. Also, whilst you can breathe a sigh of relief at getting through the transitional period, future claims need to be considered in terms of timing and approach. Essentially there are three areas where we can continue to add value to your claim process: Preparation of final and future claims If provisional claims were filed by 31 March you now have a new deadline set by the date given in your provisional submission. For many companies provisional claims were necessary because of difficulties in collating the information but our extensive experience may help find a way to address such problems and ensure smooth completion of the necessary work. The new filing limits for R&D claims bring these into line with the majority of the corporate tax claims which means that they will need to be filed by the first anniversary of the filing deadline for the CTSA return. You need to take action now to ensure that you are able to produce claims that optimise the benefits that you are entitled to before the expiry of the time limits. We have the experience to identify eligible activities, calculate qualifying expenditure and most importantly project manage the claim preparation process to ensure you meet the next claim deadline.
For further information, read our Industry specific R&D brochures. Claim methodology HMRC have been prepared to take a pragmatic approach to the estimates and supporting information in place for the claims for periods ending on or before 31 March 2006. However as a quid pro quo for this more lenient approach they have said that they will want to ensure that the systems and procedures are in place to produce more accurate claims for future periods. With our deep experience we can assist you in tailoring your claim methodology, adding value where you feel it is appropriate, so that it meets HMRC’s expectations and optimises your claim, making best use of your internal resources.
For further information, read our publication Are you making the most of research & development incentives? Claim defence With our extensive experience of preparing claims and our unparalleled technological, tax and accounting resources we are in an ideal position to assist you in dealing with enquiries on all aspects of your R&D claims. Approaching these enquiries in the right way, involving HMRC, your technical team and finance team, is essential to overcoming any misunderstandings in order to optimise your claim and ensure that you get the relief that you are entitled to. For further information, read our publication R&D relief - helping you to find a path to mediation with HMRC.
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