It is essential to know exactly how and where to put your R&D claim figures on the tax computation and follow them through to the CT600. It is important that tax software is not relied on and that the filing accountant understands what the output on the tax computation and CT600 should be entered as correctly and does not rely on the software to get it right. Getting this wrong will impact on your whole claim and could lead to an enquiry with HMRC. The following guidance takes you through the claims process using Taxfiler Software.
Don’t forget to attach the detail of the qualifying costs and the Technical Justification as pdf files before submission. Hopefully this article has helped with the submission process but if you are unsure of the tax position of the company then please contact us and we can discuss the best way forward.
Vicky Hall ACCA – Finance Director RandDTax