Research: Tax Allowances
(asked on 17th January 2024) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many claimants have been sanctioned for falsely claiming for (a) R&D expenditure credit and (b) small and medium-sized enterprise R&D tax relief.
This question was answered on 22nd January 2024
HM Revenue and Customs conducts both civil and criminal investigations into R&D claimants it suspects have made false claims. HM Revenue and Customs does not centrally store data regarding penalties imposed due to falsely claimed R&D. It should be noted that in both civil and criminal operations, R&D (and any related penalty) may be one part of the investigation and form an element of the subsequent penalty and/or sentence.
HM Revenue and Customs conducts both civil and criminal investigations into R&D claimants it suspects have made false claims. HM Revenue and Customs does not centrally store data regarding penalties imposed due to falsely claimed R&D. It should be noted that in both civil and criminal operations, R&D (and any related penalty) may be one part of the investigation and form an element of the subsequent penalty and/or sentence.