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United Kingdom · Question · Written question

UIN 71177

Research: Tax Allowances

answeredUnited Kingdom· UK Parliament· EN

Introduced

25 October 2022

Last action

1 November 2022 · Answer

Status

Answered

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Discovery layer

Source updated

1 November 2022

Summary

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of legislating to require HMRC to pay Research and Development tax credits within 40 days.

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Timeline

  1. 25 October 2022

    Written question

    To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of legislating to require HMRC to pay Research and Development tax credits within 40 days.

    Source: Commons

  2. 1 November 2022

    Answer

    HMRC changed its Research and Development tax credit service level commitment from 28 to 40 days in April 2022. This followed a suspected criminal attack on the small and medium sized company scheme, which led to the introduction of additional security ch...

    Source: Written answer

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