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

Navigating Tax Changes: High-Income Child Benefit Charge and Other Updates 

THE HIGH-INCOME CHILD BENEFIT CHARGE In an effort to reduce unfairness, the thresholds for the high-income child benefit charge (HICBC) will be increased from 2024/25. You may have to pay the HICBC if you are considered to have ‘high income’ and child benefit is being paid in relation to a child that lives with you,…

CIOT Responds to HMRC Regarding the Current Problems with R&D Tax Relief

In the summer of 2023, HMRC and the Chartered Institute of Taxation (CIOT) exchanged lengthy correspondence about the approach being taken by HMRC relating to R&D tax relief claim compliance checks. The CIOT expressed concern about a number of tactics being employed; HMRC’s response was to largely defend the measures being undertaken. Several months have…

The VAT threshold: Should it be changed, and do I need to register for VAT?

The current UK VAT threshold is £85,000. This threshold is due to stay in place until at least April 2016, meaning that by that time the VAT threshold will not have changed for at least 9 years. On our advice line, we receive queries daily from businesses that want to remain below the VAT threshold,…