HMRC starting to tackle R&D claim ‘bad’ behaviour
It was really pleasing to read The First Tier Tribunal’s recent decision re Hadee Engineering Co published 10th October concerning an R&D claim that was rejected as it was found to fall well short of what is required. Fundamental issues included whether the costs claimed were incurred, whether R&D was really taking place and whether the R&D was contracted out or subsidised preventing an SME claim altogether. Anecdotally, we understand that HMRC (and the Serious Fraud Office) are pursuing many
Angela Browning
15 October 2020