UK tax credits to promote research and development were claimed by a pub for changing its menus and by window cleaners for hanging their buckets
A government scheme to champion new research and boost the economy has cost more than £4bn in fraud and error since 2020 after widespread abuse.
The research and development tax credits scheme was designed to help drive world-leading innovation, but turned into what has been described by experts as a “wild west” with huge volumes of dubious claims.
Continue reading…UK tax credits to promote research and development were claimed by a pub for changing its menus and by window cleaners for hanging their bucketsA government scheme to champion new research and boost the economy has cost more than £4bn in fraud and error since 2020 after widespread abuse.The research and development tax credits scheme was designed to help drive world-leading innovation, but turned into what has been described by experts as a “wild west” with huge volumes of dubious claims. Continue reading…