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...
As you know, there have been many changes to the R&D tax credit program over the past 2 years. Here are some of the common R&D questions we get from accounting firms and companies. What are the chances of having a compliance check on an R&D tax credit...
HMRC’s new approach to R&D Tax Credit claims has resulted in a significant challenge to many companies. With the plethora of changes to the R&D tax relief programme, none have been more important than HMRC’s increased focus on what qualifies as an eligible...
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...
Our website and services delivered online use cookies and other similar technologies, for example, to distinguish you from other users when you browse our websites or use our online services and to allow us to improve our online services.
