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Accounting Standards

R&D tax crackdown deters genuine claims, CIOT warns

The CIOT believes that under the new approach ‘there is no direct engagement between the compliance team and the claimant, either in person or virtually’

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HMRC’s efforts to “get tough on abuse” of R&D tax relief have resulted in them rejecting legitimate claims and stone-walling other genuine claimants with a bureaucratic system that is driving them to give up on claims, the CIOT has warned. 

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