There continues to be high levels of concern amongst professional bodies and commentators that claims for R&D tax relief are being submitted to HMRC without the right level of care and detail.
As the number of claims and firms offering an R&D tax service grows, is the sector right to be concerned over the quality of claims?
Firms range from large audit and tax practices to local accountancy firms, and specialist R&D tax credit firms, which can also range from small operations to very large specialist firms. R&D tax advice is a very specialist area of work and it is important to choose your adviser carefully.
R&D Tax Credits may be something you have claimed for many years without any questions from HMRC, but HMRC’s focus could change at any time. So, we still recommend that you assess your claim process to ensure you claims are receiving the attention, experience and detail required.