What details do I need to know when organising my CT600 and computation for my R&D tax credit claim?

The key details that you need to know when organising your CT600 corporation tax return are as follows: 

• There’s a specific formatting requirement that you need to adhere to (HMRC do provide a guideline as to what information they require to support your claim)
• When you complete the CT600 with your benefit amount, you need to remember that the figures will need to be inclusive of the R&D expenditure as well as the tax credit amount
• When it comes to working out the enhanced R&D expenditure, you need to add the appropriate enhancement to your qualifying expenditure
• If you’re going to make a claim prior to filing your corporate tax return, you will need to file an amended CT600 return as well as computation so that HMRC will accept your claim

HMRC actively encourages businesses to explain why they feel that their project qualifies, as well as a summary that shows costs incurred by the research and development project(s). Choosing to share this information will help improve the validity of your claim.