R and D Tax credits – big risk, or big opportunity?

location iconOnline | location icon Wed. 18th January 2023 | Time icon 9.30am - 11.00am
location icon Sponsored speaker briefing

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The R&D Tax Credits regime has been around for over 20 years and has recently been subject to the most far-reaching consultation since its inception, resulting in significant changes being introduced from 1 April 2023. This coupled with the ever increasing levels of scrutiny of claims from HMRC means it is more important than ever to be up to date with the rules and have a clear process in place to identify and document your claim.

Together Emma and Steve have over two decades of experience helping companies make R&D claims and as members of the Research and Development Communication Forum, are able to bring you the latest insights on how to de-risk your claims from HMRC enquiry.

Emma Richards

 

Steve Lawrey

What will be covered?

  • What are the differences between the RDEC and SME schemes and why make an R&D claim?
  • What costs can be included in a claim including how to tell a subcontractor from an EPW
  • What is considered R&D for tax purposes – how do you determine whether your activities are eligible, practical examples of projects that have been claimed and how to make sure you are not missing eligible activities from your claims
  • Key points to consider when making an R&D claim – what are HMRC’s expectations and how can you minimise risk of an enquiry
  • Real time claims – what is the benefit to preparing your claim in real time and how does it work
  • Significant changes will apply to R&D claims from 1 April 2023, understand what the key changes are, what this means for your claim and what you can do
  • HMRC update – an update on what we are seeing from HMRC on enquiries and processing times

Takeaways

Cash is key for businesses in the current environment and R&D tax credit claims can provide a generous cash repayment of up to one third of eligible expenditure, but how do you de-risk making an R&D claim in the current environment of additional checks across all claims?

By the end of this session you will have a better understanding of how to construct an optimised but robust R&D claim that will stand up to HMRC scrutiny, what changes are coming to R&D tax credits, and what the current landscape for R&D credit claims is.

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This event is led by multiple speakers