HMRC to open network of specialist R&D tax credit units

HMRC is opening a network of seven new specialist R&D tax credit units across the country to make it easier for innovative SMEs to take advantage of R&D tax credits.

SMEs in all sectors can now benefit from improved customer services and a wider range of business-orientated support. The specialist units will conduct more outreach work - visiting companies to help them identify areas of the business that could benefit from R&D tax credits and working with them to produce high quality applications. They will also act as a recognised point of contact for businesses wanting to enquire about R&D tax credits.

Alongside the launch of the new units, the DTI, in conjunction with HMRC and HM Treasury, have published a brochure of case studies - "R&D tax credits - what's in it for you?" - illustrating companies' experiences of claiming R&D tax credits. The studies illustrate a range of firms and projects already receiving R&D tax credits and the relative ease of making a claim. The companies offer their own hints and tips for making successful claims.

Further information on the HMRC new specialist R&D tax credits units is available on line at:

www.hmrc.gov.uk/randd/special-units.htm

And general information on R&D tax credits can be located at:

www.dti.gov.uk/innovation/randd/randd-tax-credits/page11350.html