HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...READ MORE
There has been a 20% increase in the total number of claims for R&D tax credits, according to the latest HMRC figures, primarily driven by a rise in the number of SME claims, with the department forced to add extra resource to meet the demand.
HMRC statistics show that in 2016-17 the number of claims for R&D tax credits rose to 52,335, of which 45,045 related to SMEs, an increase of 22% from 2015-16.
Read more at the Accountancy Daily.