Hurry – one week left to input into tax credits survey. 

During last year’s Autumn Statement, the government announced that it would hold a consultation on R&D tax credits, focusing on the needs of smaller companies. This consultation has now been published. It addresses what HMRC thinks are the four key factors that affect whether businesses make claims:  

• awareness of the credits
• design of the rules
• understanding of the rules
• claims process/administration. 

HMRC is inviting views on all of these issues, and will in particular be using them to shape improvement of the guidance and the design of the new advance assurance service. 

An online consultation is open until Friday 27 February to allow for a government response during next month’s Budget.  

This is an opportunity to influence the direction of R&D tax credits for the future; do pass these links to your contacts/members/networks (especially sharing via social media) and encourage them to complete the survey.