News and events from TaxCalc
Changes for Reporting R&D Claims
If you have previously made claims for Research and Development (R&D) reliefs, you will be familiar with reporting these on your corporation tax returns (CT600). If you use TaxCalc, you will know that we include some automation, in the form of ‘wizards’, to assist with calculations and populating the correct boxes.
How has the reporting of R&D reliefs changed?
HMRC has introduced new CT600 supplementary pages to complete for Research and Development Expenditure Credit (RDEC) and R&D enhanced expenditure (SME scheme) claims. The supplementary pages (CT600L) will be required by HMRC for all CT600 returns filed on or after 6 April 2021.
How will the changes take place in TaxCalc?
We will be implementing the supplementary pages (CT600L) in our TaxCalc 2021 release, in readiness for CT600s being filed on or after 6 April and as an option to use prior to that date.
How will I know what to do when I have already created CT600s in TaxCalc?
We have included messaging to explain the options you have and to ensure the process is clear for filing the correct requirements, dependent upon the date you intend to file. As usual, our online Help will be available to assist with specific box entries. Our Knowledgebase articles will also be updated for the new entries once the pages are available for use in your software.