HMRC revealed that behavior among some agents was 'clearly not acceptable', leading to an increase in non-compliance among claims submitted with specialist assistance.
Fraud and error in R&D tax credits amounted to £4.1 billion from 2020 to April this year, indicating significant misuse of taxpayer-funded schemes.
HMRC's enhanced scrutiny shows that nearly one in three claims in the sampled data were 'fully disallowed' due to lack of qualifying R&D activity.
Despite agents’ expected role in ensuring accurate claims, some are providing poor advice, resulting in increased non-compliance surrounding R&D tax incentive claims.
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