How do i tag an R&D Tax Credit payment from hmrc?

Accounting
1

Hello,
I’ve had an R&D tax credit rebate but am unsure how to tag it/log it in the accounts, any ideas? Should it just go in as Miscellaneous Income? This doesn’t seem correct as it’s not actually due to sales.
Thanks

2

I’m not an accountant so can’t provide a conclusive answer here.

I did however find the following post on AccountingWeb which may be of interest.

R&D tax credit receipt double entry

3

Thanks, that does help

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