R&D Tax Relief - Uncovering Tricky Problem Areas & Requirements

Introduction

This in-person seminar will explore the more advanced aspects of UK R&D tax relief, in particular contracting and subsidy issues and uncovering problem areas and requirements.

There will be practical examples and relevant case law for you to consider together with details of the R&D calculation itself and the evidence required to support a claim.

What You Will Learn

This in-person course will cover the following:

• Identifying R&D in practice
• BEIS Guidelines
• Qualifying Indirect Activities in practice
• Staff costs
• Apportioning to R&D
• Recharged director costs
• Accrued staff bonuses
• Software and Consumables
• Data and cloud costs
• Externally Provided Workers
• Staff provider v staff controller
• Self-employed individuals & directors
• The ‘paid’ requirement for certain expenditure
• Contracted out R&D pre 1/4/24
• Problems for SMEs
• HMRC challenges
• Subsidised R&D pre 1/4/24
• HMRC challenges
• Changes to contracted/subsidised expenditure from 1/4/24
• SME definition
• ‘Linked’ and ‘Partner' entities
• Linked through natural persons
• Worked example
• Enhanced R&D Intensive SME support (ERIS)
• Intensity condition
• Merged RDEC
• Tests/caps - How the carry forwards work?
• Worked example
• Pre-notification rules
• Deadline
• Exceptions
• Additional Information Form
• Contents
• Timing
• Overseas R&D restrictions