R&D Tax Relief

by Linda Eziquiel
access120 days access
cpd hours4 CPD hours

This course will enable you to:

  • 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
  • Know what to do when there is a change to a claim rate
  • Make and prepare a successful claim under the SME scheme

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 claiming them? The R&D tax relief and tax credit scheme is still much underutilised, and if you can get to grips with it, you could significantly reduce your business or client's tax liability or even generate a cash payment.

This course gives you everything you need to become an expert in R&D tax credits. Gain an in depth understanding of both SME R&D relief and the Research and Development Expenditure Credit (RDEC), including who is eligible and how much they could get and find out about applying for the relief for SMEs.

Overview of R&D tax reliefs

  • Introduction
  • Stats on the schemes
  • Suggestions box
  • Eligibility
  • SME or RDEC?
  • Current claim rates
  • R&D basics
  • Reflection

Qualifying projects and activities

  • Introduction
  • Science and technology
  • Advance
  • Uncertainty
  • Technological uncertainties
  • Metalli Co.
  • Competent professional
  • By definition
  • Qualifying activities
  • Corner the Market Ltd
  • Your clients' R&D activites
  • Identifying qualifying projects and activities
  • Reflection

Qualifying costs

  • Introduction
  • Claimable costs
  • Staff and other key costs
  • Ultratrade Ltd
  • Cost breakdown
  • Uplight Ltd
  • Make the Mould Ltd
  • Counting costs
  • Common pitfalls
  • Checking costs
  • Reflection

Calculating claims

  • Introduction
  • Calculation steps
  • Stork Industries
  • Calculation stations
  • Enhancement and tax credit rate changes
  • Form CT600 and tax computations
  • Nothing to lose?
  • Calculations practice
  • Reflection

Preparing claims

  • Introduction
  • Key SME qualification checks
  • Making and preparing a claim
  • Technical justification
  • Cost breakdown summary
  • Supporting documents
  • Validating and supporting claims
  • HMRC enquiries
  • Failed claim
  • Blue Skies Ltd
  • Ready, set, claim
  • Reflection

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.

ACCA logo

ACCA partner with accountingcpd.net to provide high quality CPD for members. As an ACCA member, you are required to complete at least 40 relevant units of CPD each year, where one unit is equal to one hour. 21 units must be verifiable; the other 19 can be non-verifiable.

Verifiable CPD
Your accountingcpd.net course counts as verifiable CPD, if you can answer "yes" to these questions:

  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.