HMRC has apologised for the length of time it has been taking to process R&D tax relief claims, which in some cases has been three times longer than the 28 days indicated.
We understand the current lack of resources within HMRC’s R&D processing unit is thought to be partially to blame, but this is now having an adverse impact on investment and growth plans of some UK companies.
An HMRC spokesperson said “HMRC reviews tens of thousands of claims for R&D tax relief each year. Claims for relief are carefully scrutinised irrespective of the size or structure of an applicant. We are sorry that some businesses have not received payment as quickly as we would like and staff have been recruited to help with processing.”
Our specialist R&D team can handle your claim for R&D tax relief so you can get on with running your business. Get in touch with us today on 01788 539000.