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

SEIS and EIS ― overview

SEIS and EIS ― overviewThe seed enterprise investment scheme (SEIS) and enterprise investment scheme (EIS) are very similar schemes which offer substantial tax incentives to investors in companies which qualify. The tax incentives for SEIS and EIS investments are intended to encourage investment in

14 Jul 2020 13:31 | Produced by Tolley Read more

Trusts and Inheritance Tax

Settlor-interested trusts

Settlor-interested trustsWhat is a settlor-interested trust?A settlor-interested trust is one where the person who created the trust, the settlor, has kept for himself some or all of the benefits attaching to the property which he has given away. A straightforward example is where a settlor

14 Jul 2020 13:38 | Produced by Tolley Read more

Value Added Tax

Reverse charge ― buying in services from outside the UK

Reverse charge ― buying in services from outside the UKThis guidance note covers the reverse charge that applies to services that have been bought in from outside the UK. For an overview of VAT and international services more broadly, see the International services ― overview guidance note. For

15 Dec 2020 14:02 | Produced by Tolley Read more

UU��ֱ��