This summary guide gives you key pointers on best practice in record keeping related to R&D tax relief claims. Our expert tax consultant team are here to advise you on any aspect of record keeping. We will help you on past financial years’ records and can advise you on establishing new watertight procedures for record keeping for future claims.
Firstly, we want to underline three key principles we all need to follow when gathering evidence to substantiate a claim:
Our new customer portal, launching in the coming months, will simplify and standardise record keeping for all Easy R&D customers. This unique cloud-based automation tool supports contemporaneous and historic record keeping; simplifying and enhancing the process of making and, where needed, defending a claim.
In the light of the increased compliance checks by HMRC, record keeping is an increasingly critical topic for our customers. If you have any questions on record keeping, please do get in touch with Natalia Najzer, ATT, our Head of Business Support.
A PDF version of this article is available here to share or read later.
Every customer and every claim we work with benefits from our deep expertise in how HMRC manages R&D tax credit applications.