Deadlines The R&D claim must be submitted no later than 12 months from the end of the accounting period to claim the R&D expenditure in that particular fiscal year period. For example, if an applicant has a December year end in 2016, the statutory filing deadline for the fiscal year 2016 is December 31, 2017.…

The guidelines provide a definition of the basic requirements for qualification in section 2.1 with criteria that the company must meet and conditions that the qualifying activities must satisfy, however the success of a claim is in the small print and whilst a company could have the next groundbreaking product, improper documentation or an inaccurate…

In theory, the Research & Development (R&D) Tax Credit guidelines provide everything you need to know to make a claim and your staff know your business better than anyone, so why engage a consultant firm? Firstly they specialise on this and for many – like Braithwaite – it is all they do, so they effectively…

While Research and Development Tax Credit claims can be filed within 12 months from the end of a taxation year, Braithwaite recommends aiming to complete the claim over the course of the year in real time to avoid last minute information gathering and submission. This will allow dividing the process into a number of stages…

This month we look at the requirements to meet the science and accounting tests.  These are defined in sections 8.1 and 8.2 of the Research & Development Tax Credit Guidelines (April 2015). However, a simple assessment method for companies to use to assess projects are the Five W’s and How. Who Was undertaking which activities…