Claiming R&D Tax Credits

by Linda Eziquiel
access120 days access
cpd hours4 CPD hours

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

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

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.

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 wants 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?

Linda Eziquiel is a Research and Development (R&D) tax credit specialist with extensive experience in helping small and medium sized UK businesses and their advising tax accountants claim R&D tax credits. She joined Terry Toms and Partners (trading as RandDTax in 2012 as a Director and specialist R&D tax credit consultant. Since then she has built a significant personal client portfolio covering companies drawn from across a wide range of industries and sectors.

Linda is currently based in London, which has been her home for many years, although she originates from a farming family in Dorset. Before specialising in R&D Tax Credits, Linda provided more general business advice and support services, under the umbrella of the Home Counties and London Group Business Advisor networks ( /, of which she is still an active member. Her earlier professional career included managing several multi-million pound government and EU funded regeneration and development programs, and she holds a Master's Degree in Business Administration.

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Verifiable CPD
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  1. Was the learning activity relevant to your career?
  2. Can you explain how you will apply the learning in the workplace?

You select courses that meet these criteria, and as you complete each course you get a CPD certificate so you can provide ACCA with the evidence that you undertook the learning activity.