Ocushield retains HMRC innovation tax breaks

^{Ocushield's Dhruvin Patel}

Optical manufacturer Ocushield was one of the thousands of companies that received tax breaks for their innovation work reportedly being chased by HMRC to pay the money back.

Ocushield received £49,000 in 2022 for work on a portable device that would project light, which looked like daylight, while filtering out shorter wavelength blue light.

In January 2023, HMRC informed founder and optometrist Dhruvin Patel that a compliance check on his claim found similar products already in existence.

HMRC was reassessing all past research and development tax relief claims after underestimating the level of error and fraud over many years with some companies abusing the system.