Over the last year it has become clear that HMRC are increasing their scrutiny of Research and Development (R&D) claims, with a significant number of enquiry letters being sent out to companies in January 2023. This is a clear change of stance from HMRC in an attempt to suppress the level of fraudulent claims they believe are currently being submitted.
In addition to the above action, during Budget 2021, the government announced that it was changing how the Research and Development tax relief regime will work in the UK. The changes announced included:
Register for this webinar where experts from the Mazars Innovation Incentives team will provide and overview of the current HMRC landscape, and a practical overview of the above changes, including how the proposals might impact your or your clients going forwards.
