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Issue:
4900
/
Categories:
Comment & Analysis
, fraud
, HMRC investigations
, R&D relief
, SMEs
, Investigations
Claims in the spotlight
Key points
- Estimated error and fraud in qualifying R&D expenditure are far higher in the small and medium-sized enterprises scheme (24.4%) than in R&D expenditure credit scheme (3.6%).
- There are wide variations between industry sectors and by size of claim.
- The analysis gives HMRC data to help it target R&D enquiries efficiently.
- We can expect an increase in enquiries into ‘post- additional information form’ R&D claims.
- Expert analysis of your clients’ claims is the best way to protect them.
The government is concerned about the effectiveness of the UK’s research and development (R&D) relief schemes and there has been heavy focus on this by both the Treasury and HMRC in the past couple of years. On 17 July 2023 HMRC published a report HMRC’s approach to research and development tax reliefs (tinyurl.com/hmrcapproachrandd) which contained a number of updated statistics on the amount of error...
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