This video discusses the long-rumoured Merged Research and Development (R&D) Expenditure Credit Scheme (or, more simply, the Merged Scheme), effective from accounting periods starting on or after 1st April 2024.
00:00 - Introduction
00:57 - Merger of the SME and RDEC Scheme
02:22 - Key changes outlined
03:25 - Contracted Out R&D - HMRC Guidance
06:02 - Overseas R&D Activities
09:17 - Key Tips & Takeaways
đź“–đź“–To read our in-depth article on these changes, click here.
Myriad’s award-winning team is comprised of top-tier R&D tax professionals, skilled technical analysts, certified cost accountants, and Europe’s most accomplished grant bid writers.
Chief Exectuive Officer
Manager - Tax Incentives UK & Ireland
Technical Analyst/Writer
Corporate Tax Associate
At Myriad, we operate on a success-only fee basis—no charges unless your claim is approved. Beyond that, we provide full defense for your claim, including representation at the first-tier tax tribunal, entirely at our expense. Should your claim be rejected, we will cover any HMRC penalties and compensate you for your time, ensuring you bear no financial loss. With us, the risk is ours, not yours.
Expert Management & Maximum Claim Value
With over 20 years of expertise, our seasoned R&D tax specialists meticulously identify and include every qualifying project and expense to ensure your claim is fully maximised. Our cutting-edge R&D tax credits software offers complete transparency, keeping you informed every step of the way as your claim progresses.
Zero Financial Risk To You & Full Protection:
The Team:
Myriad’s award-winning team is comprised of top-tier R&D tax professionals, skilled technical analysts, certified cost accountants, and Europe’s most accomplished grant bid writers.
Chief Exectuive Officer
Manager
Tax Incentives UK & Ireland
Technical Analyst/Writer
Corporate Tax Associate
At Myriad, we redefine the role of traditional tax incentive consultancies by assuming all the risks associated with R&D tax claims, ensuring you, our client, enjoy a zero-risk guarantee.
Whether you're seeking clarity on R&D Tax Credits or simply looking to schedule a free consultation with our experts, we're here to help. Fill out the form on the right to get in touch and discover how we can tailor our services to meet your needs.