This content covers guidance applicable to the coronavirus (COVID-19) pandemic.
The CIOT received confirmation from HMRC on the following points in relation to the operation of the R&D regime and the processing of claims:
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•ÌýÌýÌýÌý processing of claims ― HMRC has confirmed that while the processing of claims will not be accelerated, it is still aiming to clear 95% of SME tax credit claims within 28 days, so claims for most companies should be processed within that time frame. However, this was subsequently changed to 85% of claims within 40 days (see CIRD80525)
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•ÌýÌýÌýÌý R&D repayments ― in terms of the research and development expenditure credit (RDEC), HMRC has confirmed that any
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Web page updated on 17 Mar 2025 17:26