Keeping HMRC on side
HMRC are looking to make changes that will decrease the length of documents they review in support of R&D tax credits. This will help to reduce the time it takes to create the documentation in support of a claim but is not yet confirmed so we also highlighted the current project coverage requirements. As a recommendation, we suggested that the attendees follow the HMRC online form as a basis, but work with an experienced advisor in order to include the relevant information and submit claims efficiently and successfully.
I concluded the session by sharing the secrets to positive interaction with HMRC and provided some solutions to the common challenges architects face when claiming R&D tax credits. It was a thoroughly enjoyable morning and I am looking forward to working with these architects in the future.