R and D reliefs

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Practice notes
Brexit: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...
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Produced in partnership with Martin Shah and Gary Barnett of Simmons & Simmons LLP 12th Jan
Practice notes
It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a sale of all the shares...
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9th Nov
Practice notes
The reasons why a company might carry out a demerger, and the different ways in which a demerger may be structured, are described in Practice Notes:...
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Produced in partnership with Zoe Feller of Bird & Bird 12th Jan
Practice notes
It is standard market practice for loan agreements (also known as facility agreements), whether bilateral or syndicated, to:•prohibit a borrower from...
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Produced in partnership with Eloise Walker of Pinsent Masons 12th Jan
Practice notes
Coronavirus (COVID-19): HMRC has stated in its International Manual that if a financial institution cannot meet the FATCA reporting deadline of 31 May...
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Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 12th Jan
Practice notes
This Practice Note is about the meaning of a scheme of reconstruction for tax purposes.Tax neutrality is maintained where a company (company A) enters...
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9th Nov
Practice notes
This Practice Note explains:•what a determination in respect of direct tax (ie a direct tax determination) is•when HMRC might issue a direct tax...
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Produced in partnership with Philip Rutherford 12th Jan
Practice notes
Where a dispute is brought to an end by a payment of damages or compensation, whether under a court order or an out-of-court settlement agreement:•the...
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9th Nov
Practice notes
A damages or compensation payment may attract VAT. This depends on exactly what the payment is for. If it is purely compensatory, it will be outside...
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9th Nov
Practice notes
Overdrafts, term loans and revolving credit facilitiesThree common types of loan facility are:•overdrafts•term loans, and•revolving credit facilities...
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9th Nov
Practice notes
The Enterprise Investment Scheme (EIS) is designed to encourage investment in smaller, higher-risk trading companies by offering a range of tax...
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9th Nov
Practice notes
The regime for property authorised investment funds (PAIFs, or as HMRC use in regulations and their published guidance, Property AIFs)) was introduced...
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Produced in partnership with Martin Shah of Simmons & Simmons LLP based on material originally written by Charles Goddard of Rosetta Tax LLP 12th Jan
Practice notes
The value shifting rules are anti-avoidance provisions. They are similar to the rules applying to depreciatory transactions in that they target the...
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9th Nov
Precedents
1 Withholding and grossing up 1.1 All sums payable under this [Agreement] by or on behalf of any party (for the...
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9th Nov
Practice notes
A management buyout, or MBO, involves the acquisition of a business by its existing management team usually with the help of private equity financing....
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9th Nov
Practice notes
This Practice Note:•explains:◦the purpose of the tax indemnity clause that is normally found in a loan agreement, and◦that the standard drafting of...
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9th Nov

Most recent R and D reliefs content

Practice notes
FORTHCOMING CHANGE: A government consultation is considering potential changes to the scope of qualifying expenditure for R&D tax credits,...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th Jan
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th Jan
Practice notes
Research and development (R&D) capital allowances are available to all taxpayers carrying on a trade, not just companies. Therefore, an individual, or...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th Jan
Practice notes
If a company that is a small or medium sized enterprise (SME) is: •entitled to SME R&D relief by way of additional deduction, and•makes a trading loss...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th Jan
Practice notes
ARCHIVED: This Practice Note has been archived and is not maintained. This Practice Note discusses the large company R&D relief which was abolished...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 15th Jan
Practice notes
Tax legislation defines research and development (R&D), for the purposes of R&D relief from corporation tax, as:•activities that fall to be treated as...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 8th Jan
Practice notes
ARCHIVED: This Practice Note has been archived and is not maintained. A specific regime provided corporation tax relief for expenditure:•incurred...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 8th Jan
Practice notes
FORTHCOMING CHANGE: A government consultation is considering potential changes to the scope of qualifying expenditure for R&D tax credits,...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 8th Jan
Q&As
We assume that the company is a small or medium sized enterprise (SME) and all other conditions for claiming research and development (R&D) relief are...
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29th Nov

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