HMRC have confirmed to the CIOT that they have decided not to appeal the FTT decisions on contracted-out and subsidised R&D in Collins Construction Ltd v HMRC [2024] UK FTT 951 (TC) and Stage One Creative Services v HMRC [2024] UKFTT 1059 (TC). Those cases related to the pre-2024 R&D regime for SMEs but will be of particular interest to advisers who have ongoing cases involving questions around subsidies and sub-contracting. HMRC say they intend to publish guidance in February 2025.
HMRC have also issued the following new and revised guidance relating to R&D tax relief claims:
New guidance on making a voluntary disclosure of overclaimed R&D tax relief where the claim cannot be corrected via the company tax return because the time limit to amend the return has passed. Disclosures are made using an online form accompanied by R&D calculations and a letter of offer. The guidance notes that...
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HMRC have confirmed to the CIOT that they have decided not to appeal the FTT decisions on contracted-out and subsidised R&D in Collins Construction Ltd v HMRC [2024] UK FTT 951 (TC) and Stage One Creative Services v HMRC [2024] UKFTT 1059 (TC). Those cases related to the pre-2024 R&D regime for SMEs but will be of particular interest to advisers who have ongoing cases involving questions around subsidies and sub-contracting. HMRC say they intend to publish guidance in February 2025.
HMRC have also issued the following new and revised guidance relating to R&D tax relief claims:
New guidance on making a voluntary disclosure of overclaimed R&D tax relief where the claim cannot be corrected via the company tax return because the time limit to amend the return has passed. Disclosures are made using an online form accompanied by R&D calculations and a letter of offer. The guidance notes that...
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