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Navigating Tax: Essential strategies for R&D
R&D tax relief is changing. Join our webinar to hear S&W’s experts discuss the proposed changes, their implications and how you can plan to mitigate them.
R&D tax relief is changing.
With HMRC increasing its focus on tax governance, tax and finance teams face an increasing compliance burden, balancing value with risk management.
When it comes to R&D tax relief processes, knowing what actions you need to take and when is challenging, especially against a backdrop of significant reforms.
It may be tempting to put off thinking about this year’s R&D tax claim until next year’s compliance cycle, but decisions made now can significantly affect the tax relief available.
Rather than waiting to manage these changes, we are supporting clients to prepare and take proactive action to:
• Accurately forecast future R&D tax relief income
• Protect their business from risks, including delays and additional costs arising from retrospective compliance checks
• Make informed decisions about R&D investment and preserve value from R&D tax relief
Time & Location
Agenda
During the webinar, we will cover:
1. Changes to eligibility for R&D supply chains to make sure you understand how your commercial relationships will interact with your R&D tax relief claim and what you need to do to prepare
2. Outsourcing R&D to third parties, and the significant changes to eligibility of expenditure on third party suppliers involved in R&D projects. These cover the nature of contractual relationships, location of activities and requirements to provide detailed records to HMRC in support of your R&D claim
3. Managing compliance risk and evidence requirements, as HMRC focuses its compliance efforts on R&D claims. It is vital to give your methodology and R&D record-keeping a health check. Not only does this help with managing risk and your wider tax governance processes, but robust processes for tracking R&D spend in-year enable you to make informed, data-driven investment decisions
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View profileJennifer Tragner
Partner
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View profileAshley Sudding
Associate Director
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View profileToby Chick
Director
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