HMRC stem abuse of medical R&D tax rules
Posted by mostafa on 18 January, 2013
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This item was filled under Tax
HMRC have won a legal battle to shut down an avoidance scheme that abused tax rules designed to aid medical research. The victory has protected almost £80m, said the department.
The arrangement was promoted by Matrix Securities Ltd and operated through a Jersey-registered limited partnership that claimed to be trading in the UK.