TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Temporary extension to HMRC interpretation of staffing costs for R&D tax relief

HMRC’s R&D manual has been updated at CIRD83200 to reflect a temporary change in HMRC interpretation around staffing costs.

The update makes it clear that businesses which originally restricted ‘cash reimbursement of expenses’ as part of qualifying staff costs as a result of the interpretation published by the R&D Consultative Committee in October 2014 may be able to amend claims outside of then normal statutory filing deadline. See the revised guidance for more details on the potential to amend claims. The deadline for amended claims is 31 January 2018.