Review - New HMRC guidance on R&D tax relief
The latest guide to R&D tax relief has been published by HMRC. Nichola Ross Martin explains the guidance and gives a practical tip on how to navigate the site.
Developed in consultation with small business, it is designed to put an end to what was referred to as "unintended difficulties" both for companies making R&D claims and HMRC inspectors.
The government's intention is to ensure that the claims process is made as simple as possible through better guidance for SMEs and legislative simplification.
R&D relief is too good to ignore.