We have seen significant delays recently on HM Revenue & Customs’ (HMRC) part in the processing of Research & Development (R&D) Tax Relief claims. This is greatly disadvantaging companies who rely on HM Government’s investment in these reliefs to support their innovation, in particular startups who rely on inward investment and R&D Tax Relief rather than the built up reserves of more mature companies.
We have therefore written to Mr Jesse Norman, Financial Secretary to the Treasury, asking him to conduct an urgent review into the delays and to report back to us regarding the reasons for these issues and what is intended to be done to improve matters. We will report back on his response and the outcome of his investigation in due course.
If you are entitled to claim money back for research and development, or if you are unsure of what qualifies for R&D Tax Relief, get in touch. Our proven methodology offers a seamless approach towards obtaining government money back for innovation, as demonstrated by our 100 per cent success record.
For further information or to arrange for a no obligation preliminary meeting on how your company could qualify under the R&D Scheme, please contact Steve Govey or your usual Beavis Morgan Partner.
Further reading:
View our recent wins for our clients (Spring 2019 update)
R&D Tax Relief – Why thousands of businesses are missing out
R&D Tax Relief for SMEs – A user guide