HMRC has set up a ‘voluntary advance assurance’ pilot to help small companies-including start-ups-to make their first Research and Development (R&D) tax relief claim.

In response to the recent R&D consultation, HMRC has set up the pilot to support small companies with fewer than 50 employees. Companies that take part in the pilot will have the support of a designated R&D specialist who will provide one-to-one support and advice on making a claim. The company and HMRC will agree a basis for the first R&D claim, and claims for the two subsequent Corporation Tax accounting periods.

Providing the agreed basis is used, HMRC advise that these claims will normally be accepted as accurate without query-unless a significant issue arises. Additionally, during the agreed period, the company will have a designated contact that will be available to discuss any aspect of the companies R&D relief claims.

More information about the pilot and how to get involved is available at http://www.hmrc.gov.uk/ct/forms-rates/claims/randd-vaa-pilot.htm