Small Business Leaders Criticize HMRC's Handling of Research and Development Claims

Saturday, 29 June 2024, 20:50

In a recent development, small company bosses have raised concerns over HMRC's tactics in rejecting legitimate R&D claims, resulting in delays and clawbacks of tax credits. The actions by HM Revenue & Customs are perceived as a measure to combat fraud, as reported by multiple sources in the industry. This issue highlights the challenges faced by small businesses in navigating the tax system and accessing crucial R&D incentives.

Daily Mail — Small Business Leaders Criticize HMRC's Handling of Research and Development Claims

Small Company Executives Express Frustration with HMRC

In a recent turn of events, small business leaders have voiced dissatisfaction with HM Revenue & Customs' handling of legitimate research and development claims.

Actions by HMRC

Rejection of valid submissions
Delays in payments
Clawback of tax credits

This crackdown on fraud has been met with criticism as many industry sources have reported on the challenges faced by small businesses in accessing R&D incentives.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Small Company Executives Express Frustration with HMRC

Actions by HMRC

Related posts