Research and Development Tax Changes in Finance (No 2) Act 2023 (Aug 23)
Category: Tax | Duration: 1hr | Tag: VODUK2349 | Type: Video | Course Level: Intermediate | Speaker: Rebecca Benneyworth | Date: 08/08/2023 10:00
Course Details
The second Finance Act of 2023 received Royal Assent on 11 July and makes a significant number of administrative changes to research and Development tax relief, building on the changes enacted in January this year. This course takes you through the changes, most of which apply from 1 April 2023, although some measures will not commence until August this year.
Rebecca Benneyworth covers the following points during this session:
- New qualifying expenditure categories
- Advance notification requirement
- Additional information to accompany claims
- HMRC power to deal with claims made ‘in error’ and what this means
- Proposals for further changes in 2024 and beyond.
CPD Course Speaker
Rebecca Benneyworth Training
Rebecca Benneyworth
Rebecca is an ICAEW Chartered Accountant. She is a lecturer, writer and consultant on a variety of taxes, lecturing extensively throughout the UK, to accountants, business people and also to HMRC and the Treasury. She has her own accountancy practice based in Gloucestershire, with a variety of small business and personal tax clients.
During the last two years, this has become a 100% digital practice. She is Chair of the HMRC Digital Advisory Group, providing help and support to HMRC in understanding the challenges that Making Tax Digital presents to small businesses and their advisers.
She is also a member of the Admin Burdens Advisory Board, an independent advisory group to HMRC monitoring the burdens which the tax system imposes on businesses.
During the last two years, this has become a 100% digital practice. She is Chair of the HMRC Digital Advisory Group, providing help and support to HMRC in understanding the challenges that Making Tax Digital presents to small businesses and their advisers.
She is also a member of the Admin Burdens Advisory Board, an independent advisory group to HMRC monitoring the burdens which the tax system imposes on businesses.