HMRC’s slow down in Research and Development (R &D) tax claims could cause severe problems for small businesses, warns accountancy firm Blick Rothenberg.
The firm explained that HMRC is currently experiencing delays in processing R&D tax relief claims, which could have a negative impact on many small IT firms.
Partner Tim Shaw said the delays are “both unfortunate and unhelpful in the current climate where the UK is looking to attract and reassure businesses.”
The current process time under the SME scheme is 87 days, but this increases to 186 days if the claim is made through the Research and Dev...
