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R&D expenditure not subsidised by clients (Quinn v HMRC)

Published on: 24 November 2021
Published by: LexisPSL
  • R&D expenditure not subsidised by clients (Quinn v HMRC)
  • Why it matters
  • Case details

Article summary

Tax analysis: In Quinn (London) Ltd v HMRC the First-tier Tribunal (FTT) decided, in principle, that the company was not prevented from claiming relief for research and development (R&D) costs under the scheme for SMEs. Specifically, the tribunal rejected HMRC’s argument that the expenditure was subsidised by the company’s clients or take a trial to read the full analysis.

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