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HMRC introduce Advance Assurance for R&D

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In November 2015 HM Revenue and Customs (HMRC) introduced Advance Assurance for companies that claim Research and Development (R&D) tax relief.

This means that for the first three accounting periods of claiming for R&D tax relief, HMRC will allow the claim without further enquiries.

Applying for Advance Assurance is voluntary and you can do this at any time before the first claim for R&D tax relief. Your company can still apply for R&D tax relief without Advance Assurance.

What does it involve? - If you qualify for Advance Assurance, you will have your own HMRC specialist to help you through the sometimes complicated process of successfully applying for R&D tax relief.

Your company can apply for Advance Assurance if it’s planning to carry out, or has previously carried out R&D. It has to meet certain conditions which are that:

  • it hasn’t claimed R&D tax relief before
  • its annual turnover is £2 million or less
  • it has less than 50 employees

If your company is new, you can still apply, as long as you haven’t claimed R&D tax relief before.

Who can’t apply for advance assurance? - If your company is part of a group and another company within that group has made a claim for R&D, HMRC won’t accept  application and HMRC won’t offer Advance Assurance if your company:

  • entered into a Disclosable Tax Avoidance Scheme (DOTAS)
  • is a corporate serious defaulter

Link: GOV.UK

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