How to avoid a HMRC enquiry

Why are HMRC enquiries surging? Over recent months HMRC enquiries into R&D Tax Credit claims have surged but what has prompted the spike and what does it mean for businesses making R&D claims? There is a major discrepancy between the R&D spend reported in...

Increased scrutiny for R&D claims in 2021

In November the Auditor General concluded his audit of HMRC. The resulting report has numerous recommendations across all aspects of HMRC’s service delivery, but it has particularly notable recommendations for the R&D tax credit scheme. HMRC are now...

PAYE cap: changes to the SME R&D tax credit scheme

The government has announced changes to the rules for R&D tax credits for SMEs in a bid to target perceived fraudulent claims from businesses.  For all claims having accounting periods beginning on or after 1st April 2021, there will now be a cap set at 300% of...