R&D Tax Relief

• 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

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.

This course has been updated for 2024/25.