Can I claim R&D tax credits if I have no records of my R&D work?

A research and development (R&D) tax credit claim requires careful record-keeping. HMRC may ask to examine your documentation. As well, good records can help to increase the value of a claim by exposing additional claimable and eligible activities. There is tolerance for first year claimants on the quality of the records.


The HMRC's Corporate Intangibles Research and Development (CIRD) manual explains how they evaluate R&D claims. While there is no explicit requirement to keep records for R&D purposes, we've noticed a shift toward requiring more formal record-keeping procedures. The approach to R&D tax relief claims increasingly, if an examination occurs, is  to expect formal and documentary evidence to back up claims.


See other FAQs
Suggestion icon
SUGGESTION

If you are concerned about your R&D tax credit claim. F6S will collaborate with you to discuss the work that has been completed and possible strategies.

F6S can help with your R&D claim