Commentary

A8.108 Research and development (R&D) claims and coronavirus (COVID-19)

Administration and compliance

A8.108 Research and development (R&D) claims and coronavirus (COVID-19)

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:

  1.  

    •     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

  2.  

    •     R&D repayments ― in terms of the research and development expenditure credit (RDEC), HMRC has confirmed that any repayment must

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