Analysis

Briefing: Could R&D tax credit error and fraud be the next PPI scandal?

By 2023-09-15T12:34:00

tax fraud magnify

R&D tax relief is supposed to help insurtechs, startup brokers and SMEs claw back costs invested in innovation, but this initiative has been ’abused’ to some extent

With the Autumn budget approaching in the coming months, research and development (R&D) tax credits are bound to be on the agenda again.

A recent report estimated that, across all sectors of the economy, error and fraud in R&D accounted for £1.13bn of losses between 2020 to 2021.

Read more…

Explore more regulation-related stories here or discover other news analysis stories here

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

Register now

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Top level access to our Five Star service ratings across our annual Personal Lines, Commercial Lines, eTrading and MGA reports.
  • A choice of daily and weekly email newsletters that suit you, to keep informed of news across the industry directly to your inbox.

Register now to continue reading more for free

As a subscriber you will benefit from unlimited access to our news and news analysis, magazine editions, special supplements, exclusive research reports and full access to the Five Star service rating microsites - view subscription options.