Analysis

August 6, 2024

UK startups warn they ‘won’t survive’ if HMRC claws back tax credits

Startups say they've been wrongly asked to pay back thousands of pounds in tax credits as HMRC implements measures to tackle “error and fraud”


UK startups are being told they need to pay back hundreds of thousands of pounds in R&D tax credits to the UK’s tax agency HMRC, after it decided claims were mistakenly handed out and implemented a number of measures to tackle what it calls high levels of “error and fraud”.

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Kai Nicol-Schwarz

Kai Nicol-Schwarz was a senior reporter at Sifted. He covered AI and UK tech.

Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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