Claiming R&D Tax Credits

by Linda Eziquiel

This course has been revised and is up to date for 2020-21. Understand qualifying R&D activities, compile appropriate cost breakdowns, calculate the value of the R&D tax credit claim and ensure that you include all the information HMRC wants.

This course is not currently available

This course will enable you to

  • Have a good overview of the UK R&D tax relief and credit schemes
  • Understand the definitions used by HMRC to assess whether a project qualifies as R&D
  • Understand the critical information that is normally included in an R&D claim
  • Be able to draw up a checklist of what to include in an R&D claim

About the course

Do you know how to judge whether your company or client is eligible for R&D tax credits? With so much misunderstanding about what qualifies as R&D, the tax credits scheme is still significantly under-utilised, especially in the SME sector.

This course will help you to recognise qualifying R&D activities, compile appropriate cost breakdowns, calculate the value of the R&D tax credit claim and ensure that your claim includes all the information HMRC want to see.

This course has been revised and is up to date for 2020-21

Look inside

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Contents

  • Getting to know R&D tax credits
    • What are R&D tax credits?
    • What is the size of the marketplace?
    • Who is eligible?
    • What are the current claim rates?
    • How are R&D tax credit claims submitted?
  • Recognising qualifying R&D activities and projects
    • How is science and technology defined for R&D claims?
    • What advances need to be sought in order to claim?
    • What is the concept of scientific and technological uncertainty?
    • Who is a competent professional?
    • What are the different types of qualifying activity?
  • Compiling eligible R&D cost breakdowns
    • What qualifying activities and costs can be included in an R&D claim?
    • What you need to know when compiling an R&D cost breakdown?
    • What are some common pitfalls and how do I avoid them?
  • Calculating the value of R&D tax credit claims
    • What are R&D enhancement rates?
    • What are the calculation steps?
    • What if the tax credit rate changes during the company's accounting year?
    • What are the R&D elements in a corporation tax return?
  • Understanding what HMRC want to see in an R&D claim
    • What are the key qualification checks?
    • How do we approach the technical justification?
    • What does a qualifying costs breakdown include?
    • What might trigger a HMRC enquiry? What are their common questions?

How it works

Author

Linda Eziquiel

R&D tax credit specialist experienced in helping UK SMEs.

Reviews

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This course is not currently available. To find out more, please get in touch.