Error and fraud in business tax schemes cost the UK £4.1bn
Source: BBC
Getty ImagesBillions of pounds of taxpayer money have been lost to error and fraud in tax schemes designed to encourage research and development in business.Critics say some companies are claiming the tax breaks even if they are not doing any research or development.HMRC's latest accounts reveal £4.1bn has been squandered since the schemes were introduced in 2020. It said the levels of error and fraud were…
This is aggregated or syndicated coverage. Reporting and media belong to the original publisher.
Read the original source at BBC