Rachel Moore, Innovation Incentives Partner, PwC said:
It is good to hear that the government has listened to feedback from the industry on HMRC’s administration of R&D credits, and has announced they will establish an expert advisory panel to help in advising HMRC on R&D claims. HMRC has been taking a tough line on claims in light of abuse in some areas of the market - this has resulted in inconsistency from HMRC in approving whether companies qualify, leading to some companies being put off from claiming. Time will tell as to how effective the new advisory panel will be, but if implemented well could help to give more certainty to claimants on the processing of claims.
Spring Budget 2024
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