Research and development tax relief

2014-05-06T12:32:14Z

Simon Bulteel: Created page with " Research and Development (R&D) Tax Relief Is a specialist piece of Tax Relief made available by governments to reflect where they would like to provide incentives to businesse..."

Research and Development (R&D) Tax Relief

Is a specialist piece of Tax Relief made available by governments to reflect where they would like to provide incentives to businesses.

It is designed to provide support to companies who invest in Research and Development, to help bring new products to market or to develop new processes, or to improve existing products or processes.

R&D Tax Relief should be considered at the start of a project as it can have a significant impact on the costings and budget for a project and may even make an unfeasible project, feasible.

This wiki-page is aimed primarily at companies operating in the UK, there are similar schemes in many EU countries.

#Schemes available to UK companies
#The Financial Benefits of the Tax Relief
#Identifying an Eligible Project
#Identifying Eligible Costs
#Technical report

1. There are two schemes available to UK companies, an SME Scheme, aimed at Small to Medium Sized Companies and a Large Company Scheme for companies that do not meet the criteria of the SME Scheme.

1.1 To qualify for the SME Scheme the following criteria need to me met:

1.1.1 The company (and its associated companies, subsidiaries, parent, JV) should employ less than 500 people and the company's (and its associated companies) should have a combined balance sheet less than €86m or a combined turnover less than €100m.

1.1.2 The company must be performing the R&D for its own benefit and not be paid by someone else to perform the R&D for them.

1.1.3 The company must not be in receipt of some other form of EU Notifiable State Aid associated with the project. EU Notifiable State Aid includes funding from some Local Government Organisations, the Technology Strategy Board, Manufacturing Advisory Service.

1.2 Any company who does meet the criteria of the SME Scheme is eligible to claim under the Large Company Scheme

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Research and development tax relief