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21 February 2023

The notification has been sent at the end of January to 2,024 companies’ directors who have made R&D claims in the past.

news : Tax
R&D claims

HMRC have recently launched a One to Many letter campaign regarding claims for Research & Development Tax Relief (R&D Tax Credits). These letters intend to raise taxpayers’ awareness of fraudulent R&D claims.

The letters have been sent at the end of January to 2,024 companies’ directors who have made R&D claims in the past. The letters encourage directors to review their previous claims using a checklist to make sure that the information provided in the past about their claims is complete and correct.

If an error occurs, HMRC may need to open enquiries and possibly reject claims. Therefore, it is essential to ensure that your claims follow gov.uk rules.

In addition, several other changes are coming into place, starting 1 April 2023. As a result, many businesses will have to improve their record-keeping for R&D projects that will support their future claims.

More about upcoming changes can be found on our previous blog. Regarding other changes that are currently being reviewed, please visit the government website.

We specialise in R&D Tax Credits and have extensive experience in supporting our clients in setting up relevant procedures, so please get in touch with our advisors regarding your future R&D claims compliance – we’ll be delighted to support your business.

The information available on this page is of a general nature and is not intended to provide specific advice to any individuals or entities. We work hard to ensure this information is accurate at the time of publishing, although there is no guarantee that such information is accurate at the time you read this. We recommend individuals and companies seek professional advice on their circumstances and matters.