Derrenly Enn
Joined: 7/26/2023
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RE: R&D claim severe delay & no response
Alerting HMRC to cashflow problems may be counterproductive - the legislation suggests that a company shouldn't rely on R&D relief for its continuing operations. -
RE: R&D claim delay - critical timing for us now
HMRC may see your claim negatively if you impress upon it the need for the R&D relief to keep your business afloat - https://www.gov.uk/hmrc-internal-manuals/corporate-intangibles-research-and-development-manual/cird81130. HMRC have also lately been checking up to 20% of claims made, so you may (or may not) get a compliance check. If you do, this will add even more time to getting your claim processed and finalised. You should still chase for updates using either the email address or telephone number 0300 200 3410 (Opening times are 8am to 6pm, Monday to Friday (excluding Bank Holidays)). Patience is the only solution with HMRC, it seems. -
RE: Be both employed and self-employed at the same time
Yes. The trading allowance is a tax exemption of up to £1,000 a year for individuals, including for self-employment. You're not obliged to tell HMRC until you earn beyond £1,000, no matter how much PAYE income you have. https://www.gov.uk/guidance/tax-free-allowances-on-property-and-trading-income#trade