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As an accountant or a tax adviser, staying informed about changes in R&D tax relief is crucial for maximising the benefits for your clients and for building your reputation in the market.  This course looks at the differences in the way the tax relief is calculated between 2023 and 2024, equipping you with the knowledge to navigate the updated system confidently.  

With the recent changes introduced by HMRC, understanding the new requirements for filing the additional information form and the way that claims are incorporated into the tax return have never been more important.  .

Simon Briton covers the following topics during this course:

• Comparison of R&D tax calculations (2023 v 2024) - understand the key differences in how R&D tax is calculated now compared to last year, with practical examples based on a case study. 

• Filing the Additional Information Form - step by step guidance on completing and submitting the AIF to HMRC, including new requirements and best practices. 

• Corporation tax computation - learn how to accurately incorporate R&D tax relief and RDEC into the tax comp, ensuring compliance and avoiding problems. 

• Managing client expectations - strategies for effectively communicating with clients about the expected timelines and processes for HMRC payouts, helping to set realistic expectations and maintain trust. 

• Enhancing practice value - discussion of how these changes and your updated knowledge can add value to your practice, improve client satisfaction and position you as an adviser that is knowledgeable in this area.