HMRC Launches Advance Assurance Service for R&D Tax Claims

Small and medium-sized UK enterprises can now seek advance assurance services on research and development tax relief claims, under a plan the tax authority launched Monday.

SMEs can seek clarity on up to two complex or high-risk areas of tax relief claims, including whether the project meets the definition of R&D, according to His Majesty’s Revenue and Customs’ targeted advance assurance pilot.

HMRC said it will aim to process applications within 40 calendar days if “full and accurate information” has been provided.

The tax authority launched a separate service for first time claimants of R&D tax relief for ...