Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what progress he has made in reducing R&D tax credit fraud.

In July 2023 HMRC published their compliance approach to R&D reliefs (HMRC's approach to Research and Development tax reliefs) setting out the scale of non-compliance in the R&D schemes, action taken by the government to date and how HMRC are tackling R&D non-compliance.

HMRC will set out steps it is taking to tackle error and fraud in its Compliance Action Plan, to be published in due course.

HMRC will also provide updates on the level of error and fraud for R&D tax credits in their Annual Report and Accounts 2023-2024 to be published in July 2024.