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    The Guardian

    ‘Free money’: £4bn lost to fraud and error on flagship HMRC ‘innovation’ scheme

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    UK tax credits to promote research and development were claimed by a pub for changing its menus and by window cleaners for hanging their bucketsA government scheme to champion new research and boost the economy has cost more than £4bn in fraud and error since 2020 after widespread abuse.The research and development tax credits scheme was designed to help drive world-leading innovation, but turned into what has been described by experts as a “wild west” with huge volumes of dubious claims. Continue reading…

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    Source link : https://www.theguardian.com/politics/article/2024/aug/03/free-money-4bn-lost-to-and-error-on-flagship-hmrc-innovation-scheme

    Author : Jon Ungoed-Thomas

    Publish date : 2024-08-03 12:03:03

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