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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.

HMRC hunting £612m in R&D tax relief repayments
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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.

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