R&D Tax Relief Update

This module will enable you to

• Summarise the merged scheme and the ERIS
• Understand the revised eligibility criteria for R&D relief
• Discuss the key changes made to qualifying costs
• Calculate R&D tax credit claims under the merged scheme
• Identify an R&D-intensive SME, and understand how to calculate relief under the specialised scheme for such entities

About the module

The UK's R&D tax relief schemes provide an incentive and support, in the form of corporation tax savings and tax credit payments, to companies carrying out innovative projects in science and technology.

The R&D tax relief scheme is changing, for claims relating to accounting periods starting on or after 1 April 2024. In this short course we look at the details of the new merged scheme and the more generous enhanced R&D-intensive support (ERIS).

Here you will find out how to calculate R&D credit claim amounts under the main scheme, the definition of an R&D-intensive SME, and the way relief for these companies differs from the main scheme.