HMRC undermining innovation by failing to award R&D tax credits, say start-ups
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HMRC undermining innovation by failing to award R&D tax credits, say start-ups
UK start-ups and small businesses have accused HM Revenue & Customs of putting economic growth and innovation at risk by rejecting legitimate claims for research and development tax relief, delaying payments and clawing back credits. The result has left companies exploring options to move overseas or scrapping plans to create jobs or invest.
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