R&D Tax Factoring
- Here are the basic headlines for R&D Factoring:
- Letter from HMRC is needed agreeing to the fee
- A PG is needed against the company
- They can have the money 24 hours after the agreement of above.
- 80% of the final settlement up to a maximum of 200k and a minimum of 10k will be factored
- The charge of this will 10% of the total settlement
- The payment of the loan needs 80% plus the 10% fee needs to be paid on receipt of the money from HMRC.