HMRC’s new RD relief disclosure facility

HMRC’s new RD relief disclosure facility is a welcome start to the New Year. This enables companies that believe their RD claim may have been wrong or overstated to correct the Self Assessment where normal time limits have expired. Please note this works in a ‘one – way’ method to repay over claimed reliefs and a claim to increased reliefs falls within ‘normal’ time limits. ‘Normal’ time limits are usually a year after the end of the accounting period, subject to any ‘Advance Notifications’ having also been made on time.

Please contact us for any advice or support required.

Further information can be viewed here

https://www.icaew.com/insights/tax-news/2025/jan-2025/disclosing-errors-in-claims-for-research-and-development-tax-relief