Research & Development (R&D) Corporation Tax credit
How to videos – R&D corporation tax credit claim procedure
Below is our 4-part general guideline video presentation on the completion of the Research & Development (R&D) panels on Form CT1 2024 for:
- R&D expenditure incurred in the accounting year ended 2024
- and
- instalments still due from prior years 2022 & 2023.
Each part covers certain topics.
Part 1
The legislation, including how to correctly complete the sections for grants and subcontractor costs.
Part 2
How to claim for carried forward amounts under Section 766(4B), including guidance on completing the relevant panels on Form CT1 in respect of the instalments from years 2022 and 2023.
Part 3a and 3b
How to make claims under Section 766C.
Part 4
How to claim group relief, plus a review of some of the common errors made when completing Form CT1 2024.
The above videos provide guidance on the filing out of the R&D panels on Form CT1 2024 only. They are not to be used as professional or legal advice. It should not be assumed that the guidance is comprehensive or that it provides a definitive answer in every case.
Please see Research and Development (R&D) Tax and Duty Manual Part 29-02-03 for legislation guidance.