Commentary

B3.702A Guidance on the meaning of 'research and development'

Business tax
Business tax | Commentary

B3.702A Guidance on the meaning of 'research and development'

Business tax | Commentary

B3.702A Guidance on the meaning of 'research and development'

The DTI (now known as the Department for Business, Innovation and Skills) published two sets of guidelines on the meaning of research and development (R&D) for tax purposes (referred to in B3.702), one superseding the other. The original guidelines were published on 28 July 2000 but, following consultation, were replaced by the current guidelines1. As stated in B3.702, the Treasury have made regulations that imported these guidelines2.

The consultation document3 which preceded the current guidelines looked at the effectiveness of the previous definition of R&D. In particular, it focused on whether the

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