HMRC hunting £612m in R&D tax relief repayments
HMRC is trying to recover over half a billion pounds in questionable research and development (R&D) tax relief underpayments claimed by large UK businesses.
The £612m figure relates to falsely underpaid R&D tax reliefs reveals analysis by BDO. The large amount of tax under dispute, described by HMRC as ‘tax under consideration’, shows that businesses need to be careful when claiming R&D tax reliefs to avoid potentially expensive and unnecessary tax disputes.
Shared by Accountancy Daily.