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.