Last year, you published a potentially misleading article concerning my company (“Inland Revenue probes IT provider BIW”, 24 September 2004, page 14) and a subsequent letter from me (8 October 2004, page 32), relating to BIW Technologies’ claims for some £400,000 worth of research and development tax credits.

We always believed that BIW would successfully conclude the inquiry by the Inland Revenue, and our position has now been vindicated.

The Inland Revenue has conceded that our claims were valid. There is now absolutely no question of BIW having to repay that £400,000.

Colin Smith, chief executive, BIW Technologies