Little and large?

HMRC have recently lost an important R & D case which reverses the tide of legal decisions back in favour of SME companies carrying out bona fide R & D work. Had they ‘won’, a very negative message would have fedback to the R & D sector and reversed years of hard work dedicated toward building a support network for incubator tech companies taking their development work to market.
The case shows that HMRC ‘guidance’ is rarely a good starting place for formulating a claim, as it has limited legislative value and can overly complicate the situation. I have commented on the points raised by this Hearing in detail here:
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