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The move comes as part of a crackdown on abuse of the relief, with some claims now under scrutiny.
HMRC has just announced plans to pause certain R&D Tax Credit claims while it investigates irregularities.
The move comes as part of a crackdown on abuse of the relief, with some claims now under scrutiny. However, despite the majority of claims appearing to be unaffected, delays in processing times are possible.
HMRC has asked that anyone claiming R&D Tax Credits refrains from contacting the R&D helpline/mailbox to check on the progress of their claim. It has instead asked that agents and companies keep an eye on their online account for updates on their claim’s status.
To help HMRC process R&D tax claims promptly, all entries on the R&D section of your Corporation Tax return (CT600 form) must be completed in full.
We will update our website and social media should any further information become available. And of course, if you would like to find out more about making an R&D Tax Credits claim and how we can help, send us a message or call 0207 118 6045.