R&D Tax Credits in Crisis - The State of R&D Tax Credit Relief in the UK: Challenges & Opportunities
Here in this video we cover the R&D tax relief and its current status as HMRC ramps up formal enquiries and challenges.
As you may be aware, there has been a sea-change in HMRC's approach to the UK R&D tax credit relief over the past 6 -12 months, as they take a hardline approach to tackle perceived abuse of the SME R&D scheme.
Unfortunately, many legitimate claimants are getting caught up in the cross-fire...
Inspired by a recent post from the R&D Community, in the above video I cover the key challenges raised by HMRC in formal enquiries into R&D claims across the UK.
I consider what the specific challenges mean and how you can prepare and guard against such challenges in the future.