A8.108 Research and development (R&D) claims and coronavirus (COVID-19) 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: • 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 • R&D repayments ― in terms of the research and development expenditure credit (RDEC), HMRC has confirmed that any repayment must
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:
• 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
• R&D repayments ― in terms of the research and development expenditure credit (RDEC), HMRC has confirmed that any repayment must
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