Research and Development Tax Credit

How HMRC’s Advance Assurance Scheme Can Help with R&D Tax Credit Claims

R&D tax credit claims are an increasingly valuable service we offer, helping clients unlock significant financial benefits. A common question we hear is, “What happens if HMRC decides our activities don’t qualify as research and development?” To address these concerns, HMRC has introduced the Advance Assurance Scheme.

What Is the Advance Assurance Scheme?

The Advance Assurance Scheme is a proactive measure introduced by HMRC. It provides businesses with confirmation that their activities qualify for R&D tax credits before submitting a claim. This scheme is particularly useful when projects push the boundaries of the research and development definition.

For smaller businesses or those new to R&D claims, this scheme offers peace of mind. It eliminates uncertainty and ensures HMRC approval, making the process smoother and more transparent.

Why Is It Important?

R&D tax credits can be transformative for your business, but navigating eligibility requirements can be complex. If HMRC questions whether your activities qualify, it can delay or jeopardise your claim. The Advance Assurance Scheme helps prevent these issues by offering clarity upfront.

For innovative businesses investing in cutting-edge solutions, this scheme removes the risk of disputes with HMRC. It ensures you can focus on innovation without worrying about compliance hurdles.

How We Can Help

At Lewis Brownlee, we specialise in R&D tax credit claims and understand the intricacies of HMRC’s schemes. Our team can guide you through the Advance Assurance application process, ensuring your business meets all requirements. By leveraging our expertise, you can maximise your claim while reducing the risk of rejection.

Contact Us Today

If you have any questions about research and development tax credits or how the Advance Assurance Scheme could benefit you, we’re here to help. Contact [email protected] for expert advice tailored to your needs.