Has your company done its research into R&D tax relief?

Download document:

Has your company done its research into R&D tax relief? - .PDF file.

Companies carrying out R&D-related activities and incurring general day-to-day running costs may be able to reduce their corporation tax liability by claiming relief under the R&D tax relief scheme. The scope of qualifying R&D expenditure is surprisingly broad, and the relief offered has become increasingly generous.

A company may still be eligible to claim R&D tax relief even if it has: not started to trade for tax purposes; sub-contracted the R&D to a third party; or abandoned the activity that is the subject of the R&D costs.

There is no exhaustive list of R&D activities. It is necessary to consult the guidelines and seek professional advice to determine whether a particular expense qualifies as R&D expenditure…

If you are registered and logged in to the site, click on the link below to read the rest of the Shoosmiths briefing. If not, please register or sign in with your details below.