The Research and Development Relief (Information Requirements etc) Regulations, SI 2024/950, rewrite the requirements for information that must be submitted by companies in support of their R&D claims, following introduction of the new R&D tax regime from 1 April 2024. Key changes are made to Schedule 2 of the substantive regulations (the Relief for Research and Development (Content of Claim Notifications, Additional Information Requirements and Miscellaneous Amendments) Regulations, SI 2023/813), splitting out and expanding the existing requirements into new paras 1 to 10.
The revised information requirements have effect for claims made on or after 2 October 2024.
HMRC have also updated their online service for the submission of R&D ‘additional information’. The service now allows for the provision of details for R&D mergers and enhanced R&D intensive support, and for companies to register in Northern Ireland.
The Research and Development Relief (Information Requirements etc) Regulations, SI 2024/950, rewrite the requirements for information that must be submitted by companies in support of their R&D claims, following introduction of the new R&D tax regime from 1 April 2024. Key changes are made to Schedule 2 of the substantive regulations (the Relief for Research and Development (Content of Claim Notifications, Additional Information Requirements and Miscellaneous Amendments) Regulations, SI 2023/813), splitting out and expanding the existing requirements into new paras 1 to 10.
The revised information requirements have effect for claims made on or after 2 October 2024.
HMRC have also updated their online service for the submission of R&D ‘additional information’. The service now allows for the provision of details for R&D mergers and enhanced R&D intensive support, and for companies to register in Northern Ireland.
