HM Revenue & Customs have begun a process of reviewing past R&D tax credit claims after the recent BE Studios case in which thousands of pounds were claimed in error.
The Accountancyage article states: “The government has launched a crackdown on research and development tax credit claims following the recent BE Studios case, which suggested companies were claiming hundreds of thousands of pounds in R&D credits to which they were not entitled.
HM Revenue & Customs has begun asking applicants detailed questions about the R&D they are undertaking, and referring them to the details of BE’s case as guidance.
In July a High Court judge ruled that software company BE Studios had claimed £150,000 in R&D tax credits in error, a payment that would not have been made had HMRC undertaken sufficient enquiries into BE’s case, the judge said.”

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