Trading Status Suspended, page-7

Hi False9,
I can understand how the tax office works but it still does not make sense unless the half-yearly shows the company trading insolvent without the R&D refund.

If by the report deadline date they did not know if they are getting the R&D refund at all, how much it is and when they will get it, it is not a reportable item. If it is a liability, they would have to disclose as contingent liability with a footnote but no such requirement for contingent income.

If there is nothing to disclose, then the auditors are not signing off anything new and they will understand how these things work and the consequence of delaying the report.

They could have included a comment in the director's report on the possibility of getting a R&D refund and make an announcement when they receive the money.

I don't think the directors have done everything right unless for some reason the half-yearly will kill the company if the R&D refund is not included.