R&D tax deadline: use it or lose it

An 'accounting period' for Corporation Tax is the time covered by your Company Tax Return. They are usually 12 months long and normally the same as the financial year covered by your company's annual accounts. After the end of an accounting period, you have two years to submit any R&D tax relief claim for qualifying expenditure incurred in that period.

For example, if you file accounts to the 31st March each year, you have until midnight on the 31st March 2020 to make a claim for your accounting period that ended on the 31st March 2018. Once that deadline passes you can no longer claim R&D tax relief on any expenditure made between 1st April 2018 and 31st March 2019.

YOU NEED TO ACT NOW.

Get in touch with us now to ensure your deadline can still be met and you don't miss out on a significant cash windfall.