Fraudsters jailed for £29.5m R&D tax relief claim
Three men were convicted for a fraudulent £29.5m R&D tax relief claim on IT development work that their company didn’t undertake.
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Am I the only one to rush off and look up their accounts for Y/E's 2015 and 2016? Good reading (for 2-3 seconds). I wonder what the accountants PI insurers have to say?
The only surprise is is that they didn't get away with it. Perhaps if they had been less greedy they would have been in the 99.999% of R&D claim fraudsters that do.
As I have said before, compare & contrast HMRC's approach there to loan charge taxpayers.
Thank you for quoting my original any answers post. Interesting to note that, on the left of this page, there is a link to Tax Cloud suggesting that “accountants can also benefit from r&d tax credits”. If the general consensus is that the r&d scheme is being exploited, should AW be carrying ads that potentially encourage its own users to take advantage where it is difficult to justify such action...