R&D Tax Credits – Compliance Checks

R&D Tax Credits – Compliance Checks

As many of you know, HMRC has been increasing compliance checks of R&D Tax Relief claims. According to recent statistics, HMRC believes there is still a large group of companies filing R&D Tax Credit Claims who are non-compliant,. So these checks will not stop...
R&D Tax Credit Statistics

R&D Tax Credit Statistics

According to HMRC R&D Tax Credit statistics, roughly 90,000 companies filed R&D Tax Credit claims in 2022. Of this amount, about 78% were small and medium-sized enterprises (SMEs). Even though HMRC are carrying out an increased number of compliance checks. We...
R&D Tax Credit Fraud and Error

R&D Tax Credit Fraud and Error

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...