The company can claim R&D relief in your CT return or amended return. The time limit for the same is 2 years after the end of the relevant CT accounting period.

By two ways R&D tax relief can be claimed and they are as follows-

1. The company shall claim by placing an X in either box 99 (SME) or box 100 (large companies) of your CT return, and in both cases place the enhanced expenditure in box 101, i.e. the actual amount spent multiplied by 230% or 130% as appropriate. The company shall include this enhanced figure in your calculations of the profit (box 3) or loss (box 122) for the period.

2. If your company is a SME and you want to convert all Tax relief into a payable tax credits you will also need to put the amount payable to the company in box 87, box 89, and box 143, and put an X in the repayment due for this return period.

There are no specific records which keep records of R&D tax relief claims. But the general requirement of CT is to keep sufficient records to support the entries on your CT return still applies.

1. We have a dedicated R&D team with extensive experience in providing this services to clients engaged in diverse industries and sectors.

2. Our team of professionals provides advice on R&D tax relief claims and regulatory implications and processing of potential R&D tax benefits.

1. We assess liabilities to claim R&D incentives.

2. Assistance in preparation and processing application forms relevant for recognition and approval of R&D facilities.

3. Identify the expenditure eligible for R&D incentive claims.

4. Preparation, review and facilitating R&D tax incentive claims.

5. Also support services for realization of R&D incentive claims.