Deep dive into R&D (an update) | PKF Francis Clark

In April this year, the UK merged R&D scheme was introduced for accounting periods commencing on or after 1 April 2024. It involves the amalgamation of two different schemes: the R&D tax relief scheme for SMEs (small and medium enterprises) and the RDEC (research and development expenditure credit) scheme for larger companies.
In this webinar, Stuart Rogers, David Wase and Rob Waterhouse discuss the recent changes to the R&D scheme, making future claims along with the latest thoughts and advice regarding HMRC’s compliance.
0:00 Introduction
0:04:26 Setting the scene
0:10:18 ISBC volume compliance
0:22:19 Volume compliance penalties
0:31:27 Volume compliance - evidence thresholds
0:37:50 Volume compliance - failure to agree
0:42:19 Volume compliance - service issues
0:50:43 Changes to the R&D scheme
0:54:37 Notification requirements - AIF
0:56:26 Notification requirements - pre-claim
1:00:52 R&D changes - merged scheme
1:04:37 R&D changes - R&D intensive
1:08:05 R&D changes - territorial restriction
1:14:02 R&D changes - subcontractors
1:22:20 Approaching future claims