Record-keeping is an important part of making a claim for R&D tax relief and although there is no specific requirement set by HMRC although they do expect to see some form of records.
HMRC do accept that for first time claimants or claimants in their first 3 years are unlikely to have detailed records in place to support all of their R&D. Meeting notes, planning materials and workflow tracking are all good examples of what records can be kept to support your claims.
Our advisors can work with you to create bespoke methodologies and record keeping that is appropriate for your business.