I’m pleased to announce that I will be speaking at:
Corporate Intangible Reliefs: Research & Development Tax Reliefs
Research and Development Tax Relief is a valuable tax relief for both SME and ‘Large’ companies. HMRC have responsibility for administering the relief; it is estimated that fewer than 25% of eligible companies file accurate or substantive claims.
This reflects both the perception the relief is only accessible to pure science activity and the complexity of the relief’s legal framework.
The objective of this course is to provide some practical navigation through the requirements for claiming the relief accurately. It provides an update upon the vital changes made by the 2012 and the important changes in the 2013 Finance Acts and will be of interest to both solicitors and accountants.
The legal structure of claiming the relief is quite complex and case law shows that unless it is followed meticulously, no claim to the relief is possible.
If you have a good grounding in the basic legislation but are seeking further insight into this area then this course is for you.
This course will cover the following topics:
UK RDTR: Background and comparison of reliefs – an understanding of the legislative framework and its requirements
Legislative environment:
EC Recommendations
BIS Guidelines, GAAP Requirements, CTA 2009 Part 13
Lessons from Case Law
Eligible Project costs: Part 13 CTA 2009
SME Scheme – requirements for SME relief
Large Scheme Reliefs – an update and new R&S Expenditure Credits
FA 2012 / FA 2013 – Updated position:
RD Expenditure Credit Rules / Transitional period
Externally Provided Workers amendments
Going Concern amendments
Eligible company / Project relaxations
HMRC Interpretations
Claims: Common errors and misconceptions
RD Expenditure Credit opportunity
Practical Case Studies
Speaker: Maria Kitt, Corporate Tax Partner, Tax Insight UK. Maria spent eleven years heading a corporation tax unit at HMRC and was specialising in corporate tax for private clients when the 2000 and 2004 R&D schemes were introduced to the UK. Maria has been a regular contributor upon corporation tax issues to Taxation magazine for the last ten years and her book upon Research and Development Tax Relief will be published by Bloomsbury Professional Press in March 2014.
I look forward to seeing you there.
Maria