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How to stay on the good side of HMRC when claiming R&D tax relief and avoid penalties
It’s estimated that during 2020/21, over £400m was wrongly claimed by UK companies. As a result, HMRC has hired 100 additional staff to focus on R&D tax relief claims to try and reduce the scale of error and fraud in claims.
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Why it pays to have Tax Investigation Insurance
Tax Investigation Insurance. It sure does sound important and a little ominous, doesn’t it? Well, it’s important stuff – for any business. If this is something you’re unaware of, don’t worry, you’re not alone.