Category: overclaims
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HMRC calls on businesses to come clean about accidental R&D tax overclaims
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HM Revenue & Customs (HMRC) has introduced a new disclosure service for companies that inadvertently overstated research and development (R&D) tax relief and failed to amend their returns. The move underscores the Government’s intensified crackdown on abuse of the scheme, which is said to have cost the Treasury more than…