R&D tax relief is complex. If you add the constantly changing Government legislation and case law, then that adds up to a point where a lot of companies that do R&D works, just do not make a claim.
Tax Relief experts, advise that most companies who have R&D are, unfortunately, in the dark when it comes to making R&D tax claims – especially some of the restrictions that are in place.
For instance, any claim may only be made for the previous two open tax years.
The best practice advice is that Companies nearing the financial year end, seek specialist advice and consultation that ensures that repayments or tax credits are not missed.