Course description
Presented by Simon Briton, an expert on this topic, this virtual classroom session will provide a practical introduction and insight into an R&D tax relief claim by way of a case study.
The session will cover the initial conversations with the client and the submission of the claim to HMRC, through to handling HMRC enquiries into the claim and discussing the practical steps of that work.
With 20 years’ experience of providing advice on R&D tax relief, Simon has a deep technical and practical knowledge of the area. Having practiced in both law and accountancy firms, Simon has an unusually broad skill set. Be sure to attend the session to benefit from his expertise on this topic.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
This virtual classroom session will provide a practical introduction and insight into an R&D tax relief claim by way of a case study.
From the initial conversations with the client and the submission of the claim to HMRC, through to handling HMRC enquiries into the claim and discussing the practical aspects of that work.
What You Will Learn
This live and interactive course will cover the following:
Introduction
- Introduction and overview of R&D tax relief
- Structure and key objectives
- Understanding clients’ motivations and expectations
- A brief look at HMRC's advance approval process for R&D claims
Starting Conversations with Clients
- Identifying potential R&D activities in a business
- Key questions to ask to uncover qualifying R&D projects
- Key questions to build a robust claim
- Educating the client on R&D tax relief requirement and benefits
Submitting a Robust Claim to HMRC
- Gathering evidence to support the claim
- Avoiding assumptions and guesswork about qualifying expenditure
- Best practices for compiling a robust R&D claim
- New - the ‘competent professional’ review
Handling HMRC Enquiries
- What triggers an HMRC enquiry?
- Preparing for and managing HMRC and the client’s expectations during the enquiry process
- Successful navigation of an HMRC enquiry
- What happens if HMRC disagree with the claim
Sector Specific Considerations
- Software developers
- Construction businesses
- Engineering and manufacturing
Beyond the Claim
- Strategies to optimise the future claims process
- Record keeping
- Including RDEC in the statutory accounts
Conclusion and Q&A Session
- Summarising key takeaways
- Open floor for questions and further discussion
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...