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Webinar: Merging the R&D schemes

What's in the draft legislation and what it means for your claims

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Home > Insights > Events & Webinars > Webinar: Merging the R&D schemes – What’s in the draft legislation and what it means for your claims

Join Benjamin Craig, Associate R&D Tax Director at Ayming, as he delves into the recent draft legislation for a merged R&D incentive scheme and discusses its potential impact on claims.

As the draft legislation currently stands, all companies will be directed towards a unified scheme for eligible R&D expenditure incurred on or after 1 April 2024, signifying the discontinuation of the current SME R&D tax relief scheme. There is an ongoing consultation for feedback on the draft legislation, which the government will ratify at a future fiscal event.

This seismic policy shift carries substantial implications for businesses aiming to leverage R&D tax incentives effectively. We’ll provide a clear understanding of these changes and how your claim would be affected under the merged scheme.

Key topics we will cover:

  1. Headlines of changes
  2. Generosity – how big is the benefit?
  3. Eligible costs
  4. Treatment of subcontracting and subsidies
  5. The ‘intensive scheme’
  6. Timeframe and next steps

Your host

Ben Craig is an Associate Director in R&D Tax at Ayming UK and part of the consulting leadership team. He has an MMath from the University of Oxford and is a Member of the Association of Tax Technicians. Ben oversees the delivery process for Ayming’s major clients, engaging with key stakeholders and project managing a team of consultants. In addition, he is responsible for HMRC interactions on behalf of Ayming, carries out quality assurance reviews of both technical reports and financial calculations and coordinates Ayming’s internal training programme.