Thankyou for the feedback to my Important warning to tech companies using R&D Tax Credits in yesterday’s HotViews. The general view was that the scheme was too open to abuse and fraud. A reader said ‘claimants were told by unscrupulous agencies that only 2-3% of claims were ever checked by HMRC’. So, as one reader said, ‘for the most part it was a tax avoidance scheme with loose connections to R&D’. But readers blamed it on HMRC’s ‘incompetence’ where HMRC laid ’itself open to this type of blatant corruption’.

https://www.techmarketview.com/ukhotviews/archive/2023/07/18/hmrc-reports-major-error-and-fraud-involving-rd-tax-credits