Webinar - Updates to R&D tax relief you need to know!

New legislation increases complexity and risk when applying R&D Tax Relief.

The R&D Tax Relief scheme costs the UK Taxpayer £6BN+. To ensure the taxpayer is getting value for this huge sum HMRC have significantly increased scrutiny of claims made and introduced new legislation to govern the claim process.

Our upcoming webinar will see Russell McGrath, Senior Business Development Manager at Sedulo, explore how the recent changes will impact claimants of R&D Tax Relief and describe how the increased risks can be mitigated.

Changes include:

• A reduced rate of enhancement for SMEs and an increased rate for large companies
• An increased number of claims reduced or rejected as they are classified as ‘Subcontracted’ or ‘Subsidised’ R&D. This has specific impact in software, engineering, construction, and digital marketing sectors.
• Loss making SMEs with high intensity of R&D spend can receive a cash credit of 27% of that which they spend on R&D. High intensity is defined as 40% or over of the total expenditure of the business is on R&D.
• Claims to be reduced if they describe activity taking place outside the UK even when paid for by a UK corporation taxpayer.
• HMRC will require advanced notice of intention to claim in certain circumstances.
• An allowance to include certain cloud and data costs.
• Corporation tax rate will be applied on a sliding scale and the relief obtained is therefore variable.

We do hope you can join us for what promises to be an informative and interesting webinar!