That's exactly the scenario that we're seeing played out - the advisor and client don't see the commercial viability of fighting a case - which is quite different to rolling over and saying "it's a fair cop" and admitting to a duff claim - but sadly that will be in the interpretation in the stats!
It's clear from the latest consultation that one of the things HMRC are looking for is an easier scheme to administer, hence the potential move to a single "RDEC-like" scheme - however, this will be to the detriment of the smallest, most innovative SME's - there's a fight worth getting into on this so if you haven't seen the consultation doc and would like to respond, it's open now (with a March 13th submission deadline) - the docs are here:
Thanks for commenting - your term of "browbeating" certainly seems to be about right! My feeling is that political wins trump sensible business support policies just now and, as I wrote in the article, this will pass once the points have been won. The trouble is, in the meantime, advisors are having to deal with the fallout and SME's are ultimately the losers - I think the sensible course is to grit teeth, provide feedback to HMRC where possible, and try to keep clients on side and still claiming - playing everything with a straight bat!
Hi Andy - thanks for your comment - I must admit we're increasingly hearing this sort of feedback - if you look at the volume of communications I've outlined above, I guess the problem is one of capacity and (perhaps) a lack of process - the only thing we can do is play with a completely straight bat - and of course take every opportunity to provide feedback where we can either via the RDCF or through the ongoing consultations taking place -
My answers
That's exactly the scenario that we're seeing played out - the advisor and client don't see the commercial viability of fighting a case - which is quite different to rolling over and saying "it's a fair cop" and admitting to a duff claim - but sadly that will be in the interpretation in the stats!
It's clear from the latest consultation that one of the things HMRC are looking for is an easier scheme to administer, hence the potential move to a single "RDEC-like" scheme - however, this will be to the detriment of the smallest, most innovative SME's - there's a fight worth getting into on this so if you haven't seen the consultation doc and would like to respond, it's open now (with a March 13th submission deadline) - the docs are here:
https://www.gov.uk/government/consultations/rd-tax-reliefs-review-consul...
Thanks for commenting - your term of "browbeating" certainly seems to be about right! My feeling is that political wins trump sensible business support policies just now and, as I wrote in the article, this will pass once the points have been won. The trouble is, in the meantime, advisors are having to deal with the fallout and SME's are ultimately the losers - I think the sensible course is to grit teeth, provide feedback to HMRC where possible, and try to keep clients on side and still claiming - playing everything with a straight bat!
Hi Andy - thanks for your comment - I must admit we're increasingly hearing this sort of feedback - if you look at the volume of communications I've outlined above, I guess the problem is one of capacity and (perhaps) a lack of process - the only thing we can do is play with a completely straight bat - and of course take every opportunity to provide feedback where we can either via the RDCF or through the ongoing consultations taking place -