HMRC suspends payment of some R&D tax credits

HMRC places certain research and development claims on pause while it investigates irregularities in a bid to mitigate abuse of the relief.

HMRC has stopped the payment of some research and development (R&D) tax credits while it investigates some irregular claims. ICAEW understands that the majority of R&D tax credit claims will not be affected. However, claimants are advised that there will be delays to the usual processing times while HMRC tries to prevent abuse of the relief. HMRC has also requested that claimants do not contact the R&D helpline/mailbox to chase their claims. Instead, it has asked agents and companies to review their online account for updates on the status of claims. Claimants are reminded to complete all aspects of the R&D section of the corporation tax return (CT600). Submitting additional information to support any claim, such as an R&D report, will also help HMRC to process claims quicker. Further information

• Corporation Tax for Company Tax Return CT600 (2022)

Source: ICAEW