Webinar: Merging the R&D schemes

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. Consequently, 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. If your UK business invests in R&D, leveraging the new merged R&D tax scheme can help your innovation projects qualify for substantial benefit. The new merged scheme can offer meaningful financial support, boosting your bottom line while fuelling innovation.

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

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