CCH Corporation Tax
Research and Development
This document outlines the process for claiming additional tax relief on Research and Development (R&D) expenditures, including the Above the Line Tax Credit, effective from April 1, 2013. It presents two data entry methods for R&D expenses: detailed entry with specific descriptions and expenditure types or a summary of total expenditure. It highlights the importance of correctly entering the expenditure date, amounts, and any capitalized R&D. The document also mentions the automatic calculations of additional deductions and total enhanced expenditure, along with guidance on claiming relief for loss surrender and tax credits.