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.
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.