Helping businesses secure and maximise R&D tax credits and grants

HMRC piloting a R&D tax credit advance assurance scheme

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HMRC has set up a ‘Voluntary advance assurance’ pilot to help small companies – including start-ups – to make their first R&D Relief claim.

The idea is to remove the uncertainty for R&D tax credit claims which currently exist. Under the pilot scheme a company is allocated a designated tax inspector to agree the principles for a R&D tax credit claim. Once the principles have been agreed, claims for R&D in the following two years will be accepted without the usual scrutiny and questions that are associated with R&D tax credit claims.

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