HMRC Fund Release Delays
A recent update from HMRC confirmed that some Research & Development Tax Credit payments are being delayed as a result of investigations into irregular claims.
There will be enhanced, extensive compliance checks and standard processing times will increase as a result of this.
HMRC will be aiming to pay claims within 40 days with the ambition of returning to the standard 28-day processing time as soon as possible.
This can be a huge inconvenience to those needing access to their Tax Credit payments. As part of TBAT’s R&D tax claim service, we can ensure you don’t have to wait as long as the maximum 40-day processing time from HMRC.
As part of our process, we can introduce clients to a third party for access to bridging finance to ensure you don’t go without payment.
Advanced funding on your R&D tax claim can alleviate the pressure and stress from business cashflows and growth opportunities.
Book an appointment to find out more about how we can help you stay on track.
If you need any assistance understanding how this may affect your R&D Tax Credit claims, our team is here to help! Simply get in touch by completing the form below.
To begin a claim, you can also use our online R&D Tax Credit calculator to work out how much you could receive from HMRC.
HMRC has launched two open consultations as of March 2025 that could significantly impact tax advisers and businesses claiming R&D tax relief. One aims to strengthen enforcement against non-compliant tax advisers, while the other looks to improve the underused Advance Assurance scheme for R&D tax relief. These developments follow last year's broader "Raising Standards" consultation, which is still in progress.
Thinking about claiming tax relief for your video game project? If you're developing games in the UK, it’s important to understand the two available support schemes, Video Game Tax Relief (VGTR) and the newer Video Games Expenditure Credit (VGEC). Each comes with its own rules, benefits, and eligibility criteria, and the choice between them can have a real impact on your claim.
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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