CIRD81800 - R&D tax relief: conditions to be satisfied: SME scheme claims and time limits
CTA09/Ss 1044(6)
R&D tax reliefs are not a mandatory adjustment to the profit of an accounting period. A claim must be made for the additional deduction and a further claim for the payable tax credit.聽
Claims must be made, amended or withdrawn in the company tax return.聽
Claim requirements for accounting periods beginning on or after 1 April 2023聽
Companies will need to바카라 사이트�submit聽additional information via this online form聽(CIRD182000)바카라 사이트痶o support their claim (FA98/SCH18/Para.바카라 사이트�83EA)and바카라 사이트痬ay need to바카라 사이트�pre-notify聽to바카라 사이트�(CIRD183000)바카라 사이트疕MRC of their intention to claim (CTA09/S1142A).바카라 사이트疘f either of these requirements is not바카라 사이트�complied with, the claim will be invalid.바카라 사이트疨lease note바카라 사이트�in particular that바카라 사이트痚ven where a claim supported by AIF to one scheme has been바카라 사이트�submitted바카라 사이트痠n an original return, if the company wishes to claim under the other scheme in an amendment,바카라 사이트痑바카라 사이트痭ew AIF will be바카라 사이트�required.聽
Claims are made in the Company Tax return or바카라 사이트痓y amending the return바카라 사이트�(FA98/SCH18/Para.바카라 사이트�83B). The return or amendment must include바카라 사이트痑ccounts바카라 사이트�(original return only), computations바카라 사이트�(which must reflect the claims made),바카라 사이트痑 completed CT600 and, if there is a claim for payable tax credit,聽a completed CT600L.바카라 사이트� Both original returns and amendments must be made through the Corporation Tax Online Service (also known as the COTAX gateway - details are in the COTAX Manual at聽COM130001).바카라 사이트�聽
The requirement for the additional information form, pre-notification and gateway submission of amendments바카라 사이트痠ncluding R&D claims바카라 사이트痗ame into force from 8 August 2023,바카라 사이트痷nder HMRC바카라 사이트�directions바카라 사이트痬ade under바카라 사이트�聽as amended by .聽
The amount of바카라 사이트痳elief and바카라 사이트痗redit바카라 사이트痗laimed바카라 사이트痬ust be quantified바카라 사이트痺hen the claim is made바카라 사이트�(FA98/SCH18/Para.바카라 사이트�83C).바카라 사이트疘f an incomplete return is received, or if the amount of the바카라 사이트痳elief or바카라 사이트痗redit is not quantified, there is no valid claim.聽
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Additionally, amounts of SME relief must be brought into account in바카라 사이트痗alculating the company's adjusted trading loss for tax purposes바카라 사이트�(CTA09/S1044(7)).바카라 사이트�聽
For pre-trading companies聽where바카라 사이트痑n election is taken under CTA09/S1045, the company바카라 사이트痠s treated as having a trading loss equal to 186% of the qualifying Chapter 2 expenditure (CTA09/S1045(7))바카라 사이트�- there is no바카라 사이트�additional聽deduction.聽
For both trading and pre-trading claimants to SME relief, the amount of the loss, or바카라 사이트�deemed바카라 사이트痩oss, surrendered for a tax credit must be written off in the company바카라 사이트檚 tax computations.聽
聽Time limits聽
聽Claims바카라 사이트痗an be made, amended or withdrawn up to the last day of the period of바카라 사이트�either (FA98/SCH18/Para.바카라 사이트�83E):聽
two years beginning with the last day of the period of account, in a case where the period of account to which the claim relates is바카라 사이트�not longer바카라 사이트痶han 18 months.聽
42 months beginning with the first day of the period of account, in any other case.聽
HMRC has discretion to accept late claims (FA98/SCH18/Para.바카라 사이트�83E(5)). This discretion is only exercised바카라 사이트�in accordance with聽Statement of Practice 5 (2001).聽
聽Where a company has claimed SME relief,바카라 사이트痑nd바카라 사이트疕MRC바카라 사이트痑mends the return바카라 사이트�as a result of바카라 사이트痑n바카라 사이트痚nquiry to remove the claim because the SME relief conditions were not met, FA98/SCH18/Para.바카라 사이트�83E(3)바카라 사이트痑llows바카라 사이트痶he company바카라 사이트痶o make or amend바카라 사이트痑 claim바카라 사이트痶o바카라 사이트疪DEC바카라 사이트痠f바카라 사이트痠ts expenditure바카라 사이트�qualifies under that scheme.The time limit for making or amending this claim is:聽
30 days after the closure notice is바카라 사이트�issued;聽
if there is an appeal, 30 days after the date on which the appeal is finally바카라 사이트�determined聽
聽Guidance on when a claim is바카라 사이트�바카라 사이트渕ade바카라 사이트�바카라 사이트痠s available in바카라 사이트�CIRD81805.聽
CT600 / CT600L boxes聽
聽Guidance in filling out version 3 of the CT600 is available바카라 사이트�here.바카라 사이트疌T600L guidance is available바카라 사이트�here.聽
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Claim requirements for accounting periods which ended on or before 31 March 2006 or which began on or before 31 March 2023聽聽
Claims are made in the Company Tax return or바카라 사이트痓y amending the return바카라 사이트�(FA98/SCH18/Para.바카라 사이트�83B). The return or amendment must include:聽
accounts바카라 사이트�(original return only)聽
computations바카라 사이트�(which must reflect the claims made).聽聽
a completed CT600 and聽
if there is a claim for payable tax credit, a completed CT600L.바카라 사이트�聽
聽The requirement for a CT600L with a claim for payable tax credit was introduced from 6 April 2021. A revised CT600L is required each time a claim for payable tax credit is amended.聽
聽The requirement for computations and a CT600 with a claim made in an amendment to a return were introduced from 1 April 2019. Revised computations and CT600 are required each time claims are amended.They are required whether the amendment is delivered to HMRC through the Corporation Tax Online Service (also known as the COTAX gateway - details are in the COTAX Manual at바카라 사이트�COM130001) or by other means. 바카라 사이트�聽
聽Where any of the above documents are required but have not been provided the claim will be treated as not having been made.聽
聽Time limits聽
Claims바카라 사이트痗an be made, amended or withdrawn up to the anniversary of the statutory filing date for the company tax return of the claimant company for the period for which the claim is made (FA98/SCH18/Para.바카라 사이트�83E(1)):聽
聽HMRC has discretion to accept late claims (FA98/SCH18/Para.바카라 사이트�83E(2)). This discretion is only exercised바카라 사이트�in accordance with聽Statement of Practice 5 (2001).聽
Additional information requirement聽
All companies which claim SME R&D Relief or Research and Development Expenditure credit on or after 8 August 2023 () are required to聽submit an Additional Information Form. Further information about this requirement, including how to send the dorm to HMRC can be found here.聽聽聽
Where there is a late claim it should be dealt with in accordance with the guidance at Statement of Practice SP05/01. While this does not specifically refer to R&D payable tax credits, the approach is a general one that HMRC adopt. If, having considered the approach outlined there, the HMRC officer is considering refusing a late claim the officer should first make a referral to바카라 사이트疊usiness, Assets & International, CS&TD.聽