by Claire Aston | Jul 20, 2023
£1.13bn – revised estimate of error and fraud in 2020-21 (previously £338m) 24.4% – revised rate of error and fraud in SME scheme (previously 5.5%) £1.05bn – estimated error and fraud in 2022-23 HMRC have finally published initial data from their random enquiry...
by Alex Dunnagan | Apr 6, 2023
This piece on research and development tax relief was originally published in the R&D Tax Credit Insider newsletter on LinkedIn. What does the money achieve? R&D tax relief is an important government policy intended to incentivise businesses to incur...
by Alex Dunnagan | Mar 14, 2023
R&D reliefs predicted to cost over £9bn by 2026-27 – by far the largest corporation tax relief Fraud and error in schemes total over £1.1bn in last three years R&D ‘claims farms’ continue to hard sell opportunities to claim refunds on expenditure that often...
by Alex Dunnagan | Jan 27, 2023
Video Games Tax Relief (VGTR) cost a record £197m last year, more than five times as much as it was anticipated to cost when it was introduced.1 A total of £830m in subsidy to the video games industry has been paid since the relief was introduced, with numbers...
by Alex Dunnagan | May 9, 2022
Rockstar Games has revealed that they claimed £68.4m in Video Games Tax Relief (VGTR) in 2020-2021, equivalent to 38% of the entire amount of VGTR paid out that year. The amount Rockstar are claiming is rising every year, taking the total the US-owned company has...
by Alex Dunnagan | Jan 19, 2022
Rockstar Games UK Limited (previously Rockstar North) has finally published it’s 2020 accounts, more than one year late. In fact, the publication of Rockstar’s accounts are so late that the company’s 2021 accounts are already overdue. The recently filed 2020...
