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Rumours of research and development relief’s death are exaggerated, claims MARIA KITT
KEY POINTS
- The starting point for a claim.
- Staffing costs: complications and common issues.
- HMRC enquiries and record-keeping requirements.
- Abortive project costs and continuing projects.
- FA 2012 developments.
People tell me that research and development (R&D) tax credits are a fad. They say that their clients will get into lots of trouble if they claim substantial tax credits and that the R&D environment is complicated and impenetrable.
However I also know that HMRC set up R&D units long ago and there are now seven of them staffed by helpful and knowledgeable people.
Because in a previous life I worked alongside them I also know that HMRC are very cautious and careful and do not deploy resources in an avant-garde manner.
Once I was told that I must always be...
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