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.
In the Spring Statement of March 2025, Chancellor Rachel Reeves announced proposed reforms to the UK's £8 billion research and development (R&D) tax credit scheme. A key proposal is the potential introduction of mandatory advance assurances, requiring companies to confirm the eligibility of their projects for R&D tax credits before submitting claims.
HMRC Fraud Investigation Service (FIS) is a dedicated team within HMRC that scrutinises claims for potential fraud. Facing an investigation by the HMRC Fraud Investigation Service can be daunting, but the key is to stay engaged and provide all necessary information. Explore the steps of an investigation in our latest article.
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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