HMRC
Tax credit claimants to expect longer processing times
HMRC aims to either pay the payable tax credit, or contact the claimant regarding the claim within 40 days, but it wants to return to the former 28-day processing times ‘as soon as it is able’
HMRC has announced its plans to enhance its extensive compliance checks to prevent abuse of research and development (R&D) tax credit payments. These additional checks will mean HMRC’s standard processing times will increase.
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