Jun 15, 2022 | HMRC, R&D Tax Credits
Delays in processing R&D tax credit claims continue, with HMRC stating that standard processing times have risen from 28 days to 40 working days. Last month, we announced that HMRC would be halting payments on several R&D claims while they investigate an...
May 19, 2022 | HMRC, R&D Tax Credits
This week, the ICAEW (Institute of Chartered Accountants in England and Wales) announced that HMRC is haltering payments on several R&D tax credit claims while it focuses on combating fraud and abuse of the scheme. This is expected to cause delays to usual...
Dec 6, 2021 | HMRC, R&D Tax Credits
The government has released a report documenting significant changes to the R&D tax relief scheme. The report provides further context to Chancellor Rishi Sunak’s announcement in the 2021 Autumn Budget when he said that the scheme would be altered to:...
Oct 27, 2021 | HMRC, R&D, R&D Tax Credits
After a long time of unparalleled economic crisis as a result of COVID-19, chancellor Rishi Sunak, was in good spirits as he unveiled his strategy to aid the UK’s recovery. During his third budget, Sunak promised plans to pump “unprecedented funding”...
Sep 7, 2021 | HMRC, R&D, R&D Tax Credits
Why are HMRC enquiries surging? Over recent months HMRC enquiries into R&D Tax Credit claims have surged but what has prompted the spike and what does it mean for businesses making R&D claims? There is a major discrepancy between the R&D spend reported in...
Jun 21, 2021 | HMRC, R&D, R&D Tax Credits
Using the latest HMRC R&D statistics alongside data from the EmpowerRD claiming platform, we look at the claiming landscape for venture backed businesses in the UK.
