Evidence Requirements When Self-Filing Your R&D Tax Credit Claim
HMRC does not publish any fixed evidence requirements for making an R&D tax credit claim, however including evidence in your claim will help to ensure your claim is accepted without any enquiries. Which evidence you include will depend on the cost types that you are claiming for.
Below we’ve included the most common forms of evidence submitted alongside each of the most common cost types. Which type of evidence you will need to include will depend on the nature of your claim.
– PAYE records
– Records of pension payments
– List of R&D staff
– R&D staff’s timesheets (for those not full time on the project)
– Contracts of employment for R&D costs
Externally provided workers
– Documentary evidence of the contract or arrangement with the staff provider
– Copy of invoices received
– Evidence of payments – e.g. bank records
– Details of the activities carried out and any evidence of active supervision by the company
– Invoices from subcontractors
– Evidence of the nature of the work subcontracted and the terms applicable
– Evidence of payments
– Receipts or contracts for software purchased, licensed or commissioned
– A copy of product/marketing literature for the software
– Any evidence of charges back to the R&D
For a useful introduction to effective record-keeping head over to The Balance.
Evidence Required When Claiming R&D Tax Credits With EmpowerRD
At EmpowerRD we combine the expertise of ex-HMRC inspectors alongside an intelligent online platform to ensure your claim is successful, receives the greatest amount of credit and is done in the fastest time possible.
One of the advantages of using EmpowerRD for your R&D claim is that our platform acts on a robust claim methodology, so that we can submit claims without the need for any additional supporting evidence. This greatly speeds up the process of submitting a claim, as compiling evidence against each cost type can be a time-consuming process.
Typically our clients create and submit their R&D claims within a week of engaging with us. Some clients have been able to do the whole process in less than a day. This compares favourably with the traditional advisor process which typically takes a period of months.
Software Development R&D Tax Credit Claims
Key insights into claiming R&D tax credits for software development projects.
RDEC Scheme Guide
The complete guide to compiling and submitting an RDEC claim. Includes an explanation of differences between the two schemes.
Clarifying the Impact of CBILS on R&D Tax Credits
How the government's Coronavirus loan scheme affects your ability to claim.
Which costs qualify for R&D?
A breakdown of the types of costs that can be included in your claim.
EmpowerRD Covid-19 response
How we're helping businesses with their cash flow during the downturn.
Which scheme should I apply to?
Understand how your business's financial profile affects which scheme you need to apply to
Is my business eligible for R&D tax credits?
Find out if the activity undertaken by your business can qualify as R&D.
How much can I claim?
Read how different accounting positions can affect how much you're able to claim.
The most common queries we hear about the R&D scheme.