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”.
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”
Kai Nicol-Schwarz and Freya Pratty
8 min read
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Kai Nicol-Schwarz was a senior reporter at Sifted. He covered AI and UK tech.

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