Statements: Update: HMRC delays. 40 days for R&D tax relief claims
- R&D Tax Credits
- 5 Min Read
HMRC has increased its standard turnaround on claims from 28 to 40 days.
A few weeks ago, MPA was made aware that HMRC had placed a hold on the payment of some research and development tax credit claims.
We were warned that delays in processing were also to be expected due to enhanced compliance checks.
The processing delays continue, and the standard turnaround time for all claims is now 40 days.
HMRC is aiming to return to the standard 28 days processing time as soon as it can but has not indicated when this may be.
Mike Price MD and owner, MPAWhile it is good that there is more diligence being applied, so that only robust claims are allowed through, it is an unfortunate side effect that the whole system has slowed down.
As previously stated, HMRC has requested claimants (including advisors) refrain from contacting them via the usual helplines regarding specific claims whilst this work is ongoing.
We’re receiving regular updates from HMRC and will continue to keep you updated.
If you’re not currently an MPA client but need additional support filing a robust claim or advice on stabilising cash flow within your business, please do get in touch.
