The rise of fraudulent R&D claims

There are a lot of R&D companies starting to enter the market, so how can you choose who to trust?

Unfortunately, there have been several claims submitted to HMRC which have been at best pushing the boundaries or at worst fraudulent. The companies who submit these claims are no doubt very sales orientated, and the client is attracted by the promise of the larger claim amount.

A good R&D company will get the most money they can for you with out misrepresentation of any of the facts, they will submit an honest and truthful claim to HMRC.

We have seen cases whereby directors have been told to take large salaries to maximise their R&D claim, but have not be advised that this will create a large income tax liability. So the company gets a cash injection, the R&D advisor gets a large payment and the directors get a big tax bill!

Look for an R&D company who :

-       Have a high success rate

-       Say that have refused to submit some claims

-       Have wide knowledge of all the different taxes

-       Write a full and clear proposal to HMRC

-       Have been long established

-       You can talk to and have a conversation with the person writing the claim

To see if you might have a claim or to review any previous claims email [email protected]