R&D Tax Relief
Do you know how to judge whether your company or client is eligible for R&D tax relief, and if so how to go about making a successful claim?
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Course Type
E-learning
Length
3 - 5 hours
What you’ll achieve
- Understand how each scheme works, what the benefits are, who is eligible and how much can be claimed
- Identify when qualifying R&D is taking place
- Compile an R&D cost breakdown, avoiding common pitfalls
- Calculate SME R&D tax relief and tax credit claim amounts
- Calculate R&D relief under the new merged scheme and the enhanced R&D-intensive support
- Know what to do when there is a change to a claim rate
- Make and prepare a successful claim under each scheme.
About this course
This course has been updated for 2024/25.
The UK's R&D tax relief schemes provide an incentive and support, in the form of corporation tax savings and tax credit payments, to companies carrying out innovative projects in science and technology.
Do you know how to judge whether your company or client is eligible for R&D tax relief, and if so how to go about making a successful claim? If you can get to grips with the schemes, you could significantly reduce your business or client's tax liability or even generate a cash payment.
The R&D tax relief scheme is changing, for accounting periods starting on or before 1 April 2024, so here we look at the details of the new merged scheme, as well as the SME R&D relief, which is still valid for claims relating to accounting periods starting on or before 1 April 2024.
Overview
E-learning |
|
3 - 5 hours |
Syllabus
Overview of R&D tax reliefs
- R&D tax reliefs
- The benefits
- Stats on the schemes
- The right scheme for you
- Eligibility
- Current claim rates
Qualifying projects and activities
- Defining R&D
- Science and technology
- Advance
- Uncertainty
- R&D examples
- Important people to involve
- Competent professional
- Qualifying activities
- Identifying qualifying projects and activities
Qualifying costs
- Claimable costs
- Staff and other key costs
- Contracted work
- Cost breakdown
- What can go wrong?
- Common pitfalls
SME R&D tax relief and tax credits
- Making a calculation
- Calculation steps
- Applying the right rates
- Enhancement and tax credit rate changes
Merged scheme and R&D-intensive support
- Overview
- Relief under the merged scheme
- PAYE cap
- R&D-intensive SMEs
Preparing claims
- Key SME qualification checks
- Making and preparing a claim
- What to include in a claim
- Technical justification
- Cost breakdown summary
- Successful claims
- Responses from HMRC
- HMRC compliance checks.
How to access
You will be directed to an external site to complete purchase and VAT will be applied at checkout.