R&D Tax Credits - Project Start and End Dates

R&D Tax Credits - Project Start and End Dates
The software underpinning RDRelief was sold to one of the big-4 professional service firms in 2018. Consequently, the brand is no longer in operation.
  • R&D Tax Advisors are invited to find out more about the Inspired.tax claim preparation software.
  • Otherwise, please feel free to continue to browse this website for useful information regarding claiming R&D Tax Credits in the UK. However, beware that none of the information has been updated since 2018.

Background

Ensuring that the claims competent professionals accurately define the R&D start and end dates of the project is key to the robustness of the claim. In the vast majority of cases, the start and end of a project for R&D Tax purposes is different to the start and end of a project for your own business purposes.

BEIS Definition

"R&D begins when work to resolve the scientific or technological uncertainty begins. The uncertainty ends when that uncertainty is resolved or work to resolve it ceases. This means that work to identify the requirements for the process, material, device, product or service, where no scientific or technological questions are at issue, is not R&D."
"R&D ends when knowledge is codified in a form usable by a competent professional working in the field, or when a prototype or pilot plant with all the functional characteristics of the final process, material, device, product or service is produced."
" "Although the R&D for a process, material, device, product or service may have ended, new problems which involve scientific or technological uncertainty may emerge after it has been turned over to production or put into use. The resolution of these problems may require new R&D to be carried out. But there is a distinction to be drawn between such problems and routine fault fixing."

Analysis

This definition is key to the robustness of your R&D tax credits claim and ensuring that correct claim costs are included.

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