Companies eligible for R&D tax relief

Produced by a Tolley Corporation Tax expert

Corporation Tax

Guidance

This guidance note provides information on the conditions which must be met by a company for it to claim R&D tax relief. The Qualifying expenditure for R&D tax relief guidance note provides information on the types of expenditure which qualify for relief.

Conditions for the company for R&D relief

See Simon’s Taxes D1.402A.

The company must be within the charge to corporation tax. An overseas permanent establishment (PE) of a UK company can therefore qualify for relief if it is within the charge to corporation tax and is not the subject of a foreign branch exemption election. See the Foreign branch exemption ― overview guidance note for more on the exemption. UK PEs of non-UK companies can also qualify.

A further key requirement is that the company must be a going concern, which means not only that the company’s last accounts cannot be qualified on a going concern basis, but also that the company

Continue reading the full document

To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+™

TAKE A FREE TRIAL NOW

Popular Articles

Owner-Managed Businesses

Special rate pool and long life assets

Special rate pool and long life assetsSpecial rate poolExpenditure on some types of plant or machinery must, if neither annual investment allowance (AIA) nor first year allowances (FYAs) are available, be allocated to a ‘special rate pool’. Expenditure to be allocated to the special rate pool

14 Jul 2020 13:41 | Produced by Tolley Read more

Employment Tax

Ministers of religion

Ministers of religionMost ministers of religion or members of the clergy are either office-holders or employees and so their earnings are taxable under ITEPA 2003 as employment income and are subject to Class 1 National Insurance.For the purposes of the tax system, a minister does not have to belong

14 Jul 2020 12:14 | Produced by Tolley Read more

Employment Tax

Loans written off

Loans written offCompanies sometimes provide directors, employees or shareholders with low interest or interest-free loans either as part of the reward package or on special occasions to help the individual meet significant expenditure. The employment income implications of these loans are discussed

14 Jul 2020 12:11 | Produced by Tolley Read more

��˾��ҹ��