In 2023, HMRC is levying more penalties against R&D claims than ever. You might think that it spells disaster, but there are steps you can take if you believe in the strength of your claim.
It is worth thoroughly examining the communications received from HMRC. Sometimes, the reasoning provided for issuing a penalty can be flimsy. This gives you grounds to push back against the penalty and have it removed or suspended. Learning how to handle enquiries and penalties is a key skill for R&D tax relief professionals, especially considering HMRC’s current approach to compliance.
Our Enquiry Guide contains helpful information to guide you through the enquiry process.
Richard has worked in R&D consultancy in one form or another for more than a decade. He has founded three very different but complementary R&D companies, built and trained a large R&D team, prepared hundreds of claims, and defended dozens of enquiries.
Handling an R&D enquiry is risky and time consuming. With HMRC issuing more and more enquiries, what can you do to avoid them?
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A complete guide to HMRC's most common enquiry questions in 2024 and how to answer them most effectively.
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Jonathan Yeomans, CEO and Founder of Avalon Tax, provides key insights in getting started in R&D tax relief in 2023.
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