Ian Davie
Senior Consultant
One of the essential documents that is needed for an R&D claim is the Technical Report, which explains to HMRC the background and R&D related to the projects a company carries out. Traditionally this has been a word or pdf document attached to the accounts and has not been compulsory but has been recommended. In December 2022 HMRC demonstrated their compulsory ‘G-FORM’ which is the portal that all future R&D reports would all be submitted through from the 1st April 2024. At the budget delivered 15th March by Jeremy Hunt and associated documents that have been issued, announced the fact that this form will become mandatory for all submission of R&D tax credit claims on or after 1st August 2023.
This is a change of what has been previously announced, as prior to the budget this form was expected to become mandatory on or after 1 April 2024. This portal form would be supplementary information to the CT600, tax computation and CT600L, which would all still be required
Companies need to be aware that if they are intending in submitting an R&D claim with their accounts after 1st August, regardless of when your accounting period ends, then it would be worth considering doing this before the 1st August. There are a number of reasons for doing this:
If you have any questions about this change of process or the implications on your company then please get in contact.
HMRC has launched two open consultations as of March 2025 that could significantly impact tax advisers and businesses claiming R&D tax relief. One aims to strengthen enforcement against non-compliant tax advisers, while the other looks to improve the underused Advance Assurance scheme for R&D tax relief. These developments follow last year's broader "Raising Standards" consultation, which is still in progress.
Thinking about claiming tax relief for your video game project? If you're developing games in the UK, it’s important to understand the two available support schemes, Video Game Tax Relief (VGTR) and the newer Video Games Expenditure Credit (VGEC). Each comes with its own rules, benefits, and eligibility criteria, and the choice between them can have a real impact on your claim.
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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