What are the outcomes of an R&D claim that has errors?
If errors are identified during the enquiry process of your R&D tax credit claim, the inspector could judge that your claim should not be settled. Should you receive this judgement, here are the steps that you should follow:
- Review your claim
- Seek out an R&D tax credit consultant
- Amend the errors
- Submit the corrected claim
- Communicate transparently with HMRC
- Respond promptly
Having an incomplete claim however, could result in HMRC determining your claim as unsuccessful, while they contemplate whether or not your business should incur penalties for carelessness or negligence.
