Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many Research and Development tax relief disclosures have been made in each month since 31 December 2024.
HMRC aims to process 85% of Research and Development (R&D) tax relief claims within 40 working days. This target was met in both 2023–24 and 2024–25, with performance reaching 90% in 2024–25, as reported in HMRC’s Annual Report and Accounts.
HMRC published information on the average duration of a compliance check in the Approach to Research and Development tax reliefs 2023 to 2024 - GOV.UK
Since 31 December 2024, HMRC has received 20 voluntary disclosures about incorrect R&D tax relief claims with a total value of £5.5m via the R&D Disclosure Facility.