HMRC Provides Update to RDCF Members

HMRC today issued an email to RDCF members stating they will not be appealing the First-tier Tribunal (FtT) decisions on either the Collins Construction Ltd or Stage One Creative Services Limited cases with regard to subsidised/subcontracted expenditure.

HMRC is now reviewing the broader implications of these decisions on appeals, enquiries, and those affected by the subcontracted and subsidised R&D issues. Further guidance is expected in February 2025 and Asquith Bradley will closely monitor and provide any updates as and when they are published.

‍