What is the typical duration for receiving the R&D tax credit benefit?
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After compiling and submitting your R&D tax relief claim, HMRC aims to process 85% of standard R&D claims within 40 days. However, specific processing times vary by scheme, with claims under the Merged Scheme, it may take 8-12 weeks and ERIS claims extending to 8 to 14 weeks. This depends on HMRC’s backlog of claims to review and the seasonal demand.
If HMRC needs to carry out additional compliance checks or requests further information about your R&D tax relief claim, the process may be extended. Ensuring your claim is accurate, well-supported and accompanied by the required Additional Information Form (AIF) can help avoid unnecessary delays.
Once your claim has been approved, any repayment due is usually paid into your company’s chosen bank account within 14 days. If your claim reduces your Corporation Tax liability instead of generating a cash repayment, the relief will be reflected in your company’s Corporation Tax position.
Working with an experienced R&D tax adviser can help reduce the risk of delays by ensuring your claim is complete, compliant and supported by the appropriate technical and financial evidence before it is submitted to HMRC. While no adviser can influence HMRC’s processing times, a well-prepared claim is less likely to require further clarification.
If you would like further clarity regarding your R&D tax relief claim, please get in touch with our team. At Alexander Clifford, our financial and technical specialists have extensive experience in preparing R&D tax credit claims across a wide range of industries. From your initial consultation through to submission, we will guide you through each stage of the process, helping you prepare a claim that is accurate, well-supported and aligned with HMRC’s requirements.