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In the United Kingdom, year-end accounts hold significant importance for limited companies. These accounts serve as comprehensive financial...
A Surge in R&D Tax Reliefs: A Closer Look at £7.6bn Claims
The past year has brought about some remarkable changes in the ever-evolving landscape of research and development (R&D) tax reliefs. As we...
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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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