Claiming R&D Tax Credits

by Linda Eziquiel
access120 days access
cpd hours4 CPD hours
price£75+vat

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 the tax year 2017-18

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 www.randdtax.co.uk) 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 (hcba.co.uk / lgba.co.uk), 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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