ForrestBrown to hold R&D tax relief talks for accountants

ForrestBrown will be holding a series of seven events across the UK for senior leaders in the accounting industry this spring. 

The R&D tax firm will be providing a platform for its expert speakers to explore technical queries that have arisen from the changes to R&D tax relief that will be implemented from April. 

In addition, ForrestBrown will be discussing R&D tax relief risk factors for firms, and alternative funding mechanisms to consider for clients in 2024. 

The changes to R&D tax relief, which were announced in the 2023 Autumn Budget, mean that the existing R&D Expenditure Credit (RDEC) and the SME R&D schemes will be merged into a new “simplified” R&D tax relief incentive. 

The first accounting periods to fall under the new scheme will be those ending on 31 March 2025.

Kelly Oakley, associate director at ForrestBrown, said: “These changes are the culmination of the biggest ever reforms of R&D tax relief and have implications for innovative businesses of all sizes. 

“It’s important for accountants to have strategies in place to manage the increased workload and risks that come with these changes.”