HMRC confirms their aim to process R&D Tax Credits on time

By April 9, 2020 Press Releases

Following TIGA’s calls for the efficient processing of VGTR claims and R&D Tax Credits, HMRC have confirmed that they aim to process the R&D Tax Credits on time.

At a time of pressure on HMRC operational resources, HMRC have confirmed that their first priority is to maintain their published aim of clearing 95% of SME tax credit claims within 28 days. They have implemented contingency plans to support this and have applied extra resources to this work. HMRC have confirmed that they are currently meeting this aim.

HMRC have reassured TIGA that they will give regular updates to members of the Research and Development Consultative Committee (RDCC).

If a company wishes to enquire about the progress of claim they should  send an email to RD.IncentivesReliefs@hmrc.gov.uk  Further guidance is at CIRD80525

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