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 anytime soon.
The good news is that RDP has been very successful in assisting companies navigate compliance checks carried out by HMRC.
This is due mainly to the academic and experience qualifications of our technical staff. Our technical staff include specialists in software/computer science/AI, engineering and all areas of manufacturing and life science. We have also prepared over 10,000 R&D Tax Credit claims.
In a recent compliance check, HMRC had rejected a company’s R&D Tax Credit claim. The company had a very competent professional directing the R&D project but was unsure how to respond to HMRC in a way HMRC would understand the eligibility of their R&D work.
RDP’s technical staff prepared a response outlining why the project qualified and organized a call with HMRC to ensure they fully understood the work carried out on the R&D project. As a result, HMRC accepted the R&D claim.
It would have been unlikely the company would have achieved this result on their own.
If you have any clients in a similar situation, or if you have any questions on R&D Tax Credits, please don’t hesitate to contact Jenni at [email protected]