Register for the tax loss credit
If you haven't registered for the research and development tax loss credit, then you will need to before you apply.
Gather information for the R&D tax loss credit application
You will need to describe the type of R&D your company is doing.
You will need to complete three sections:
- Key details
- R&D activity
- R&D expenditure
Provide the project name, contact details and confirm the tax year the R&D claim is for.
Provide information about the R&D activity you're doing and if it's eligible for the purposes of the tax loss credit.
You must spend 20% or more of your total labour expenditure on R&D.
You will need to provide a breakdown of the total labour expenditure and R&D labour expenditure.
R&D expenditure is incurred on R&D related goods and services. Certain expenditure is excluded.
Fill out your R&D tax loss credit application
The R&D loss tax credit application is available in myIR under your Income tax account. Under the Income tax account, select "More" under the “I want to...” section. “Apply for an R&D loss tax credit” is available under "Other actions." The myIR account owner, or a linked tax agent, can access the R&D application.
Complete a company income tax return IR4 in myIR
You still have to record all losses your company had for the year, including the losses you’re claiming the R&D tax loss credit for.
Log in to myIR
Submit your application in myIR.
What happens next
Returns and R&D loss tax credit applications are generally processed within 10 weeks of both being received.
We will contact you if we have any questions about the application.
If you don't get a response within that time, contact us or email us at firstname.lastname@example.org