HMRC Increase Scrutiny on R&D Tax Credit Claims
During our recent meeting with HMRC it was confirmed that a new, robust risk management process has been introduced to police the processing of claims and weed out inaccurate and non-compliant submissions.
Alongside a 20 per cent increase in the number of companies claiming R&D Tax Credits across the UK, HMRC has reported a noticeable increase in risk – or to the layman – potential fraud. In response, a new unit is reviewing a significant number of claims for issues including a lack of information, failing to meet the criteria and suspicious claiming activity.
For advice on a past, existing or future claim please contact a member of our team today on 028 9140 4030 or via email at email@example.com
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Read our article entitled “Carefully Does It Every Time” for further advice and guidance on choosing your R&D Tax Credit partner wisely.