Change of enforcement date for new claim notification and additional information requirements: August 8, 2023
New claim notification and additional information requirements will not be enforced until August 8, 2023.
Originally due to come into effect on August 1, 2023, ‘The relief for research and development (content of claim notifications, additional information requirements and miscellaneous amendments) regulations 2023’ will now be laid a week later than expected due to delays in Finance Bill timetabling.
Reminder: requirements for claiming R&D tax relief as of April 1, 2023
For accounting periods starting on or after April 1, 2023:
- Some customers are required to provide claim notification ahead of a claim for R&D tax relief. Claim notification must be provided via an online form and submitted no later than six months after the end of the period of account that the claim falls into.
- Customers will be able to claim qualifying expenditures on data licences and cloud computing costs.
Read more on how to access the claim notification form, including what is required and when to submit it.
From August 8, 2023, all companies will be required to submit an online form containing additional information before your company’s Corporation Tax return contains the claim.
Related News Articles
Mileage Tax Relief Guide
Guide to Claiming Tax Relief on Mileage Expenses (Where Reimbursed Below HMRC Rates) Step 1: Confirm Eligibility You may claim tax relief if: - The mileage relates strictly to business travel (not ordinary commuting). - You are using your own vehicle. - Your employer reimburses you below the HMRC Approved Mileage Allowance Payments (AMAP): -…
Government to Raise Income Threshold for Self-Assessment Reporting and Launch Simple Online Tax Payment System
Move expected to reduce administrative burdens for up to 300,000 taxpayers The Government has announced its intention to raise the income threshold at which individuals are required to register for Self-Assessment. This change will affect taxpayers with low levels of trading, property, or miscellaneous income and forms part of a broader package aimed at simplifying…
Mandatory Real-Time Reporting of Benefits in Kind Delayed Until April 2027
HMRC delays mandatory payrolling of most employee benefits by one year HM Revenue & Customs (HMRC) has confirmed a 12-month delay in the implementation of mandatory real-time reporting for most benefits in kind (BiKs). Initially expected to come into force in April 2026, the requirement will now apply from April 2027. This extension follows feedback…