HMRC has updated various sections of the R&D corporation tax relief guidance following the reform to R&D tax relief from 1 April 2023.  New guidance has been published on the steps to take before claiming R&D tax relief for accounting periods beginning on or after 1 April 2023 and for claims from 1 August 2023.

There are new digital forms to notify HMRC in advance about a claim and to provide additional information to support the claim, and these forms are now available.  HMRC has also published two new notes that explain when these digital forms must be submitted, the party that may submit, what information will be required, and how to submit.

HMRC has also updated its guidance on how to claim under the two R&D schemes to reflect the changes in rates of R&D tax relief from 1 April 2023, changes to qualifying expenditure, how to calculate the reliefs available and the steps to now follow before claiming.

We are experienced with handling R&D tax relief claims and would be happy to offer assistance and advice.  Please do contact us if you have any questions.