TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Agent Update 90 recommends R&D tax relief claims be submitted as soon as possible

Agent Update: issue 90 contains an important message for companies submitting claims for R&D tax relief in the next few months. The message is that companies should submit R&D claims as soon as possible to avoid a delay in receiving payments between December and January, as HMRC expects to be dealing with a higher volume of claims. While HMRC remains committed to its aim of processing 95 percent of R&D tax credit claims submitted online within 28 days of receipt, this may take longer during the peak period.

Companies can email queries about the technical application of the R&D schemes to: RD.IncentivesReliefs@hmrc.gov.uk. If companies need to speak to someone about an outstanding payment, allow 28 days before calling the Corporation Tax Helpline on: 0300 200 3410.