Recently, the Chief Executive of HMRC was under pressure from the House of Commons Treasury Committee surrounding R&D Tax Credit fraud and error. He was asked to explain how R&D Tax Credit fraud and error had all of a sudden increased from £336 million to...
As most companies know, the level of non-compliance with respect to R&D tax credit claims has grown. Therefore many more compliance checks are being dished out within the R&D Tax Credit programme by HMRC. The latest analysis has shown us that the level of...
Are you worried about an HMRC Query? Many companies that submit R&D tax credit claims are facing enquiries now due to an excess of claim submissions. Which are either ineligible or fraudulent in nature. Once a upon time, HMRC rarely queried claims and did not even...
As previously mentioned, HMRC is moving to obtain more information to submit R&D tax credit claims. This is to curb abuse and better track the eligibility of claims. So as of the 1st of August 2023, any company making an R&D claim will have to supply...
