Print Icon

Do you claim R&D tax relief? Make sure that your R&D tax relief claim is robust and supportable as HMRC are upping their scrutiny of amounts claimed.

HMRC are increasingly concerned about fraud and have recently slowed down the refund payment times as they increase the depth and scope of their compliance checks before they pay out. This means that at the moment they are increasing their standard processing times from 28 to 40 days for SME tax relief and potentially even longer for RDEC (R&D Expenditure Credit claims). 

In addition to the current additional scrutiny, HMRC have also indicated that they want more information from companies when an R&D claim is filed. The R&D tax relief report (published November 2021) introduced various proposed administrative changes to improve how HMRC can target its compliance work. The report proposed that from 1 April 2023 companies’ claims should:

  • provide more information as to the nature of the R&D – ie what advance in science or technology is being sought and in what field
  • provide an endorsement from a senior officer in the company and the name of any agent providing R&D advice
  • all be made digitally and
  • be notified to HMRC in advance 
We are still waiting to hear the practical details of all these changes, but it is clear that companies will need to ensure that they are fully compliant with the new requirements. As soon as further practical details are announced the James Cowper Kreston Business Tax Team will be keeping our clients informed.


Chancellors opening address to London Tech Week

Welcome to London tech week. Your success is personal to me. I had the privilege of living, studying, and working in California. That experience left a lasting mark on me. I lived and breathed the culture that was adventurous, optimistic, and forward-thinking. Willing to take risks. To be imaginative. To build new products, services, businesses that could change the world.


London Tech Week opens to record-breaking investment in UK tech sector

UK tech companies have raised more venture capital funding in the first five months of 2022 than in the whole of 2020, according to new figures. The £12.4 billion in funding raised so far this year puts the UK second only to the US in terms of start-up investment, and ahead of the likes of ChinaFrance and India. The figures have been analysed by the UK’s Digital Economy Council, based on data by Dealroom and released ahead of the start of London Tech Week on Monday – the annual celebration of the UK tech sector where industry and government figures discuss the future of the industry.

Contact Us

James Cowper Kreston is a leading firm of accountants and business advisers, with offices across the South of England. We deliver focused, innovative advice to a diverse range of businesses and individuals helping our clients to maximise their potential.


If you would like to discuss any of the topics raised within this newsletter please email us on or call us on 01635 35255.


James Cowper Kreston


The information in this newsletter must not be relied on as giving sufficient advice in any specific case.


Follow Us On