Analysis

Briefing: Could R&D tax credit error and fraud be the next PPI scandal?

By 2023-09-15T12:34:00

tax fraud magnify

R&D tax relief is supposed to help insurtechs, startup brokers and SMEs claw back costs invested in innovation, but this initiative has been ’abused’ to some extent

With the Autumn budget approaching in the coming months, research and development (R&D) tax credits are bound to be on the agenda again.

A recent report estimated that, across all sectors of the economy, error and fraud in R&D accounted for £1.13bn of losses between 2020 to 2021.

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