On February 1, 2024, the United States Department of Treasury's Office of Foreign Assets Control ("OFAC") published a Price Cap Coalition Compliance and Enforcement Alert (the "Alert").
R&D enquiries are on the rise due to HMRC clamping down on fraudulent R&D claims. However, legitimate claimants are unfortunately caught up in this process, which can be costly and time-consuming to resolve.
If you are considering establishing a business in the UK, ensuring the compliance and administrative elements are setup at an early stage is crucial, to allow the business to grow efficiently.
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