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

Access this article and thousands of others like it
free for 7 days with a trial of Tolley+™ Guidance.

TAKE A FREE TRIAL

Popular Articles

Corporation Tax

Enterprise investment scheme tax relief

Enterprise investment scheme tax reliefOverview of EIS tax reliefsThe enterprise investment scheme (EIS) offers significant tax reliefs to encourage individuals to invest money in qualifying shares issued by qualifying unquoted companies. The scheme is designed to encourage investment in small,

14 Jul 2020 11:36 | Produced by Tolley Read more

Owner-Managed Businesses

Definition of a close company

Definition of a close companyThe detailed definition of a close company is set out below, but in summary the rules are targeted at those companies where the owners can manipulate the activities of the company to influence their own tax position. Therefore, broadly speaking, in most cases an

14 Jul 2020 11:24 | Produced by Tolley Read more

Personal Tax

Self assessment ― amendments and corrections

Self assessment ― amendments and correctionsOnce a self assessment tax return has been filed, both HMRC and the taxpayer (or the agent) has the right to make changes to the return. There are different time limits depending on whether it is a correction by HMRC or an amendment made by the

14 Jul 2020 13:37 | Produced by Tolley Read more

��˾��ҹ��