Surprise twist following the furore Jimmy Carr & other high-profile investors faced over the so-called ‘tax avoidance scheme’ centred around data centres built in NE England in 2012. A recent tax tribunal found that the schemes did qualify for relief. APNs *may be refunded. #taxpic.twitter.com/1qMTmb96WO
Another example which demonstrates the importance of keeping good records for HMRC -- here an engineering firm was unable to demonstrate detailed breakdown of salaries, and other expenditure to support an R&D tax credit claim & issued with £25,000 fine.