Want to know more?
randd uk welcomes HMRC’s stance on increased compliance

randd uk welcomes HMRC’s stance on increased compliance

randd uk welcomes HMRC’s stance on some R&D claims after reports of irregular activity from certain claimants came to light, with a number of claims being paused whilst additional compliance checks are carried out.

There have been some reports of delays throught the UK on certain claims being processed, and HMRC has advised that the R&D entries should be included in a company’s Corporation Tax Return (CT600) and also attach any supporting evidence to ensure a smoother process. This process is standard practice for randd, and as specialists in such matters, we will continue to monitor the guidance issued by HMRC in order to maintain our high standards.

Matt Timby FCCA, Finance Director at our R&D Division, commented on the situation: “We understand the need for thorough investigations from HMRC. It is important to stress that only some claims are being investigated and our clients with legitimate claims are still receiving R&D cash rebates from HMRC every single day, so we haven’t noticed any delays with our own operations.

“It is important to understand that payments have only been paused for a select number of UK claims whilst they are under investigation. Ultimately, we encourage diligent policing from HMRC to retain the integrity of the R&D Tax Credits scheme.”