Large company R&D relief prior to 1 April 2016

By Tolley
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The following Corporation Tax guidance note by Tolley provides comprehensive and up to date tax information covering:

  • Large company R&D relief prior to 1 April 2016
  • Large companies and R&D enhanced deduction
  • RDEC commencement and transitional provisions

Large companies and R&D enhanced deduction

The relief given to large companies up to 31 March 2016 (unless an earlier election was made) was a 130% deduction in calculating total taxable profits for qualifying expenditure incurred. In practice, this was given by allowing a further 30% deduction of the qualifying R&D costs in addition to the standard 100% deduction for qualifying expenditure.

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