Derrenly Enn
Joined: 7/26/2023
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RE: R&D claim severe delay & no response
Alerting HMRC to cashflow problems may be counterproductive - the legislation suggests that a company shouldn't rely on R&D relief for its continuing operations. -
RE: R&D claim delay - critical timing for us now
HMRC may see your claim negatively if you impress upon it the need for the R&D relief to keep your business afloat - https://www.gov.uk/hmrc-internal-manuals/corporate-intangibles-research-and-development-manual/cird81130. HMRC have also lately been checking up to 20% of claims made, so you may (or may not) get a compliance check. If you do, this will add even more time to getting your claim processed and finalised. You should still chase for updates using either the email address or telephone number 0300 200 3410 (Opening times are 8am to 6pm, Monday to Friday (excluding Bank Holidays)). Patience is the only solution with HMRC, it seems. -
RE: Be both employed and self-employed at the same time
Yes. The trading allowance is a tax exemption of up to £1,000 a year for individuals, including for self-employment. You're not obliged to tell HMRC until you earn beyond £1,000, no matter how much PAYE income you have. https://www.gov.uk/guidance/tax-free-allowances-on-property-and-trading-income#trade -
RE: R&D tax credits - additional information form
The form is linked to the agent account and you can find the form here - https://www.gov.uk/guidance/submit-detailed-information-before-you-claim-research-and-development-rd-tax-relief Keep in mind also that you may need also to do a Claim Notification form too, so read the criteria (form and criteria at this page) - https://www.gov.uk/guidance/tell-hmrc-that-youre-planning-to-claim-research-and-development-rd-tax-relief -
Vouchers for surveys, are they taxable?
Hello, Are vouchers for surveys completed taxable and to be put on a self-assessment tax return? I often do surveys in return for small voucher amounts, and these build up over the course of a year, eg £200. I do this alongside my main job. Are these voucher amounts to be put on a tax return? Thank you,