Frequently Asked Questions
What qualifies as R&D for tax purposes?
Whether activities qualify depends on the specific facts and circumstances. Broadly, qualifying R&D seeks to achieve an advance in science or technology through the resolution of scientific or technological uncertainty.
Does a failed project still qualify?
Potentially. A project does not need to be commercially successful to qualify. Activities undertaken in attempting to overcome scientific or technological uncertainties may qualify even where the desired outcome is not achieved.
What evidence should be retained?
Evidence may include project documentation, technical records, design information, test results, meeting notes and other materials demonstrating how uncertainties were identified and addressed.
Does claiming R&D tax relief increase HMRC enquiry risk?
HMRC may review any claim. Maintaining clear technical narratives, appropriate supporting evidence and a proportionate methodology can help demonstrate the basis of a claim.
Can I claim if I have claimed before?
Potentially. Many companies undertake qualifying activities over multiple accounting periods. Each claim should be considered on its own facts and circumstances.
Can you work with our accountant?
Yes. We can work alongside accountants and finance teams, providing specialist R&D claim preparation support whilst allowing businesses to maintain existing advisor relationships.
Do you prepare corporation tax returns?
No. GG R&D Tax Advisory Limited is a specialist R&D tax advisory practice. We focus on R&D claim preparation support and can work alongside a company's existing accountant or tax advisor.
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