What happens during an R&D tax credit enquiry?
The short term impact of an enquiry will typically delay the payment of the R&D tax credits or the tax repayment.
During the enquiry process, an inspector will be assigned to gather further information on the research and development project, and the submitted cost claim. The inspector will usually do this by:
- Submitting questions via letter or email
- Meet with professionals involved in the claim
- OR a virtual call through which the necessary questions are asked
If the claim is being handled by Alexander Clifford, we will be on hand to manage the enquiry process for you, taking the lead to let you know what additional information is required, and even to prepare you should a meeting with the investigator take place.
If your claim has been handled by either you or another company, we can still help by providing enquiry support. Once the investigator is satisfied, they will close the case and arrange for the claim to be settled and the R&D tax credits or tax repayment to be paid.
In cases where the investigator is not satisfied, they will not close the enquiry, but it is possible to reach an agreement in each of the enquiry focus points. This allows the enquiry to be settled with negotiation.
