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Stamping out misuse
Key points
- HMRC estimates that £311m has been lost due to fraud and error in research and development claims.
- From April 2023 all claims will have to be made digitally and include details of qualifying activities and costs.
- A senior named officer at the claimant company will have to sign off the claim.
- Aim is to create a hostile environment for abusive claims and fraudulent tax advisers.
HMRC has been growing increasingly concerned about abuse of the research and development (R&D) tax relief scheme and announced plans last year to clamp down on rogue claims.
HMRC’s unease stretches back years. It estimates that £311m has been lost due to fraud and error in the last two years.
The department has been quick to respond hiring 100 new caseworkers to boost the amount of proactive compliance work...
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