Require HMRC to pay Research and Development tax credits within 40 days.

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Petition Action

Require HMRC to pay Research and Development tax credits within 40 days.

Petition Details

Make it a statutory duty for HMRC to meet their own deadlines in recognition of the hardship caused by the delay in payment of R&D Tax Credits.

Additional Information

R&D Tax Credits are vital for a high-growth economy and to encourage innovation. They are used by start-ups and scale-ups to ensure cash flow and are a fair way to promote innovation. Innovation in the UK will be stymied if the HMRC delays payments.

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