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R&D tax relief claimants warned over 30 June notification deadline

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R&D tax relief claimants warned over 30 June notification deadline

Companies with a December year end that are considering making a claim for R&D tax relief for the year ended 31 December 2025 may need to notify HMRC of their intention to claim by 30 June 2026.

HMRC now requires certain businesses to submit a mandatory ‘pre-claim notification form’ within six months of the end of the accounting period if they intend to make an R&D tax relief claim.

The advance notification requirement typically applies where:

Changes coming to R&D claims

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Changes coming to R&D claims

The way in which R&D tax relief claims are submitted to HMRC is changing from 1 August 2023.

In an effort to crack down on perceived abuse of the generous R&D tax reliefs HMRC have introduced a digital ‘additional information’ form that must be completed to support a company’s R&D tax relief claim.

R&D: Reform on the cards

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R&D: Reform on the cards

On the 13th January, the government launched a consultation aimed at discussing the simplification of the UK’s R&D tax relief scheme.

This follows the changes to the rates of relief for the two R&D schemes that were announced in last year’s Autumn Statement, where the rates for relief were changed significantly for expenditure after 1st April 2023. These changes were effectively the first step towards a simplified, single RDEC-like scheme for all companies.

Chancellor Announces Significant Changes to R&D Tax Relief

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Chancellor Announces Significant Changes to R&D Tax Relief

In last week's Autumn Statement, the Chancellor announced that R&D tax relief available to small and medium sized companies will reduce to 86%, from the current rate of 130%, and the R&D credit rate at which companies can surrender R&D tax losses for a repayment of tax from HMRC will reduce from 14.5% to 10%. Both changes will be effective from 1 April 2023.

R&D tax relief reforms on the cards

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R&D tax relief reforms on the cards

New reforms will affect companies claiming tax relief or credits on research and development (R&D) expenditure for accounting periods beginning on or after 1 April 2023.

Currently, R&D tax relief for small or medium-sized enterprises provides an extra 130% deduction on qualifying R&D expenditure. Large companies can claim a 13% R&D expenditure credit.

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