The Importance of R&D Record-Keeping for HMRC

Your free copy of the Project timeline template 2025.

• Detailed tracking of each project phase – Record start and end dates to maintain a clear progress history.
• Automated project duration management – The duration column updates automatically, providing an accurate view of time spent.
• Key evidence documentation – Easily upload and track technical reports, meeting minutes, test results, and prototypes.
• Identification of internal and external contributors – Documenting who participated in each phase is crucial for justifying personnel costs in an R&D claim.
• Material cost tracking – Helps identify and organise eligible expenses to maximise tax relief.
• Monitoring of challenges encountered – Records technical difficulties and solutions implemented, demonstrating the innovation required by HMRC.

This automated timeline not only facilitates project organisation and internal documentation but also serves as a solid evidence base to support an R&D Tax Relief claim with HMRC, reducing the risk of rejection and ensuring your company fully benefits from available tax relief.