Recommendations 2
1 accepted. 1 rejected. 1 implemented.
Response: Accepted
· Delivery: implemented, Q3 2024-25 (confirmed by the NAO)
Addressed to HM Revenue and Customs · Page 10, Paragraph 18, point a
Recommendation (the NAO's words)
HMRC should consider whether the scale and focus of its current compliance arrangements for Corporation Tax research and development reliefs are adequate, now that it has a better understanding of the extent to which these schemes are being abused.
Response: Rejected
· Delivery: none recorded (confirmed by the NAO)
Addressed to HM Revenue and Customs · Page 10, Paragraph 18, point b
Recommendation (the NAO's words)
HMRC should assess whether it should inspect more Corporation Tax research and development relief claims made prior to the period covered by its latest estimate. This assessment should balance the costs of carrying out further reviews and the expected rate of return on any error and fraud these reviews may identify.