HMRC delays: why your R&D Tax Credits payment might take longer than expected
You’ve submitted your R&D Tax Credits claim and are waiting for approval and a welcome cash boost for your business....
In 2021, we launched our R&D Tax Credits service to help founders claim money back they’ve spent on research and development.
R&D tax relief is an HMRC initiative that pays your company back up to 33% of what you spend on qualifying activity for research and development. You get the money back in the form of Corporation Tax relief or, if you’re a loss making company, as a tax credit (that is, a cash payment).
You can now make your R&D claim with SeedLegals.
Maybe! It isn’t only tech companies that qualify for R&D tax relief. As long as your company is innovative, you could be eligible.
To find out if you’d be eligible for tax relief, book a call with us. Our team includes specialist accountants and lawyers – you’ll speak directly with one of our experts.
You can claim R&D tax relief retrospectively for the previous two accounting periods.
To find out how much your company could claim, try our quick calculator »
As you’d expect, we’ve made it as easy as possible to create a comprehensive and accurate claim. Our success rate is 100%, with no claims reduced (at May 2022).
Here’s what happens:
That’s it! All you need to do is wait for the response from HMRC. You’ll usually hear from them in four to six weeks.