What accounting documents will be needed?
You will need to compile the following documentation:
- A full CT600
- Expense Records: Records of all expenses related to R&D activities including invoices and payment records for materials, labour, equipment and subcontractors.
- Time Sheets: Time tracking records that accurately show hours that employees and contractors spent on R&D activities.
- Accounting Records: General financial records such as profit and loss statements, balance sheets and cash flow statements.
- Cost Allocation: Documents highlighting how costs were allocated between qualifying R&D activities and general business.
- Tax Returns: Copies of relevant tax returns or forms where the R&D tax credit will be claimed.
Please read about other documents that are required to submit an R&D claim.
