Social care R&D - too good to be true?
April 14, 2022 | Time: | Location: | Category: News
Hazlewoods Partner, Rachael Anstee, shares her thoughts on the Research & Developments (R&D) tax credit regime whereby tax claimants claim tax relief via a regime that was introduced for Small & Medium Enterprises (SMEs) in the year 2000, referring to ‘innovative projects in science and technology’ with the regime under the spotlight in the Spring Statement 2022.
Rachael raises concern over ‘abuse and boundary pushing involving the R&D tax credit regime’ with ‘concern that operators may find themselves with HMRC enquiries in the future and will potentially face having to pay some or all of the tax saving back to HMRC, together with penalties and interest.’
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