Companies can claim enhanced deductions against taxable profits for qualifying R&D expenditure.

HM Revenue & Customs (HMRC) had previously stated that reimbursed expenses could not be included as part of qualifying staff costs for an R&D tax claim, however, it has now reversed that decision.

Reimbursed expenses include business expenses an employee has incurred personally which have been reimbursed by the company, eg travel and subsistence.

Companies can amend claims to R&D tax relief made for accounting periods ended between 9 October 2014 and 31 January 2016.

The deadline for amendment to claims has now been extended to 30 April 2018, and if you feel you may have a claim please contact us as soon as possible:-

Vicky Tunaley, Rugby on 01788 539000 or Jon Kicks, Leicester on 0116 261 0061