Burgess Hodgson attracts investment from leading US private equity firm Abry Partners
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Research & Development – Claim Notification Requirements and Deadlines
Posted: News
If you are planning to make an R&D tax claim for accounting periods beginning on or after 1 April 2023, you will likely need to submit a claim notification form prior to your additional information form and Corporation Tax Return.
The claim notification period starts on the first day of your Accounting period and ends 6 months after the period.
For example, if a company has an accounting period that covers the year to 31 December 2024, the claim notification period:
Starts on: 1st January 2024
Ends on: 30 June 2025
If you have submitted an R&D claim in the three years preceding the date your claim notification period ends, you do not need to complete a claim notification form unless:
- HMRC rejected your R&D tax relief claim by removing it from your Company Tax Return
- You claimed R&D tax relief for an accounting period beginning before 1 April 2023 by amending your tax return and the amendment was received on or after 1 April 2023.
If you historically make an R&D claim after your Corporation Tax Return has been submitted, it is therefore likely that a claim notification form will need to be submitted for your first period that starts after 1 April 2023.
To complete the form, some administrative information is required, as well as a summary of the high-level planned activities. More information on this can be found here:
If you do not notify HMRC during the prescribed window, the company may not be able to make a R&D claim for the given Accounting Period, resulting in a loss of tax relief.
If you have any queries or need any assistance in preparing the claim notification form or with your R&D claim more generally, please contact us.
