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Taxpayers Lose Over £1bn due to R&D Tax Errors and Fraud

Taxpayers Lose Over £1bn due to R&D Tax Errors and Fraud

A lack of resources for monitoring compliance led to a record 341 tax reliefs costing taxpayers £204bn in 2023, with only 25 evaluated for cost-effectiveness in the last eight years. With a budget of just £600,000, the Treasury and HMRC face questions about the value for money offered by these reliefs.

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