BFPA R&D Tax Credits – Scheme Changes Webinar – 9 February 2023

Do you know the R&D Tax Credit Scheme is CHANGING?
Know the FACTS to ensure MAXIMUM BENEFIT

Work with the BFPA’s expert partner in this field,
R and D Tax Specialists

Together we can help…

Key changes to the scheme from April 2023:

• Pre-notification process introduced for first-time claimants
• New categories of costs can be claimed
• All R&D claims will need to be submitted digitally to HMRC
• The current SME relief uplift of 130% will decrease to 86%.
• The tax credit refund ratewill be reduced from 14.5% to 10%.
• The RDEC scheme rate [larger companies] is going up from 13% to 20%.
• Overseas sub-contracting costs will not be allowed as qualifying expenditure.

Whilst the SME allowances are being reduced, the scheme continues to provide essential, and generous funding for businesses engaged in R&D work.

R and D Tax Specialists are hosting a Webinar on 9th February 2023 at 10.00am

to provide further information on the scheme and the changes being made, the claim process, and to address any questions or queries you may have.

To register for the webinar please email BFPA on enquiries@bfpa.co.uk or call 01608 647900