If you’re spending money on innovation such as developing new products, processes or services or enhancing existing ones, you may be eligible for R&D tax relief. Join Cambridge Network on this webinar in partnership with Deloitte to hear about this and upcoming changes to the R&D tax regime that businesses of all sizes should be aware of.
The UK’s R&D relief schemes provide generous tax credits to both SME and large companies, supporting investment in innovation in UK. HMRC statistics show that the number of R&D claims made by companies in UK has risen to 90,315 in 2021/22, resulting in £7.6billion of relief.
The Government have been consulting on reforming and simplifying the R&D tax regimes, and HMRC have increased focus on reducing the level of fraud and abuse from claims.
The R&D tax regimes are now undergoing further change, with the introduction of a new merged R&D regime and scheme for R&D intensive SMEs, as well as additional compliance burden on claimants. HMRC are also increasing scrutiny on R&D claims with additional resource focused on compliance checks and enquiries into R&D claims. With the number of changes and new reporting requirements for R&D claimants to navigate, this webinar will focus on:
- Recent changes to R&D regimes, including new merged R&D scheme and R&D intensive SMEs
- Additional Information Form and new reporting requirements
- R&D enquiries and HMRC’s approach
- Q&A
This session will be led by:
- Reena Malde, Innovation Tax Director, Deloitte.
- Iulia Motoc, Innovation Tax Consultant, Deloitte.
For their biographies please see below.
To attend: The session will take place at 11.00am – 12.00pm on Wednesday 13th March. Please sign up to take part. Participants will be sent a link to join via Zoom prior to the start time.
Members: Any Cambridge Network member may attend free of charge (check for full membership in our Directory). Click on Book Now, then click the login link on the next page to receive your member discount. Alternatively, email louise.rushworth@cambridgenetwork.co.uk to reset your password.
Non-members: Non-members may also attend this session at a fee of £10+VAT. You may wish to join as a member from £100+VAT and come along to many other events for free or at member rates!
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Reena Malde
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Reena is a highly experienced R&D tax practitioner and Director within Deloitte’s Gi3 team, working with a wide range of companies, with particular focus on Fintechs, Technology and Lifescience industries. She leads a team in providing assistance to privately-owned and PE-backed businesses, especially high-growth companies claiming under the R&D scheme for SMEs. Reena is a qualified Chartered Accountant and also has a degree in Chemistry. Prior to joining the Innovation Tax team, Reena trained as a financial auditor. Her several years of auditing experience helps to bring a broad insight into the accounting and costing systems of companies. She assists companies to devise appropriate methodologies, and reviews existing claim processes to make recommendations on areas that may be challenged by HMRC. |
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Iulia Motoc
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Iulia is a consultant in the Innovation Tax team, focusing on R&D tax claims for software and engineering companies. Iulia has a PhD in Electronic Engineering specialising in control systems for bipedal humanoid robots. She also has an MSc in Information Security and Biometrics and a BSc in Computer Science. She has hands-on experience in healthcare engineering, medical robotics, computational genomics, biometrics, and OCR, having worked on a number of projects across Europe and US throughout her PhD and post doctoral studies. |
